The concept of consumer’s surplus is associated with
a. Adam Smith
b. Marshall
c. Robbins
d. Ricardo
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(b)The concept of consumer's surplus is associated with Marshall.
Marshall has successfully given the concept its fame in the stream of Economics.
The moment there is a difference between price paid and value placed in the market, consumer surplus becomes a useful concept to look at.
It is an important idea that comes useful in numerous in numerous occasions in examinations.
It is the measurement regarding measurement of welfare people gain from consumption of goods and services.
Marshall has successfully given the concept its fame in the stream of Economics.
The moment there is a difference between price paid and value placed in the market, consumer surplus becomes a useful concept to look at.
It is an important idea that comes useful in numerous in numerous occasions in examinations.
It is the measurement regarding measurement of welfare people gain from consumption of goods and services.
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0
Answer:
marshall
Explanation:
The concept of consumer surplus was developed in 1844 to measure the social benefits of public goods such as national highways, canals, and bridges. It has been an important tool in the field of welfare economics and the formulation of tax policies by governments.
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