Question

explain with example benefit address and vesting producer and consumer

Answer 1

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Economic Benefits :-

• Economic benefits are benefits that can be quantified in terms of money generated, such as net income, revenues, etc. It can also be money saved when discussing a policy to reduce costs. How one measures economic benefits really depends on what he is analyzing. Economic benefits can be measured and used in business decisions, policy decisions, and market analyses. Businesses will probably use measures such as net income, net cash flow, or return on investment. Policy makers will likely use consumer and producer surplus measures.

Surplus

• When discussing economic benefits of a particular market, measuring consumer and producer surplus is the common method. Consumer surplus is the difference between the maximum price one was willing to pay and what they actually paid. Producer surplus is the difference between what suppliers were paid and what they were willing to get paid for the good they produced. Each market has a supply and demand curve. Therefore, one can measure the economic benefit to consumers (consumer surplus) and the economic benefit to producers (producer surplus) in that market. The summation of consumer and producer surplus gives the total economic benefit to society from the given market. Let's assume the following chart shows the supply and demand curves for peanut butter.

Answer 2

Explanation:

Economic Benefits :-

Economic Benefits :-Economic benefits are benefits that can be quantified in terms of money generated, such as net income, revenues, etc. It can also be money saved when discussing a policy to reduce costs. How one measures economic benefits really depends on what he is analyzing. Economic benefits can be measured and used in business decisions, policy decisions, and market analyses. Businesses will probably use measures such as net income, net cash flow, or return on investment. Policy makers will likely use consumer and producer surplus measures.

Economic Benefits :-Economic benefits are benefits that can be quantified in terms of money generated, such as net income, revenues, etc. It can also be money saved when discussing a policy to reduce costs. How one measures economic benefits really depends on what he is analyzing. Economic benefits can be measured and used in business decisions, policy decisions, and market analyses. Businesses will probably use measures such as net income, net cash flow, or return on investment. Policy makers will likely use consumer and producer surplus measures.Surplus

Economic Benefits :-Economic benefits are benefits that can be quantified in terms of money generated, such as net income, revenues, etc. It can also be money saved when discussing a policy to reduce costs. How one measures economic benefits really depends on what he is analyzing. Economic benefits can be measured and used in business decisions, policy decisions, and market analyses. Businesses will probably use measures such as net income, net cash flow, or return on investment. Policy makers will likely use consumer and producer surplus measures.SurplusWhen discussing economic benefits of a particular market, measuring consumer and producer surplus is the common method. Consumer surplus is the difference between the maximum price one was willing to pay and what they actually paid. Producer surplus is the difference between what suppliers were paid and what they were willing to get paid for the good they produced. Each market has a supply and demand curve. Therefore, one can measure the economic benefit to consumers (consumer surplus) and the economic benefit to producers (producer surplus) in that market. The summation of consumer and producer surplus gives the total economic benefit to society from the given market. Let's assume the following chart shows the supply and demand curves for peanut butter.