Consumer surplus and budget constrained preference maximization: A note

The paper attempts to rectify what appear to be popular but elementary misconceptions about the concept of consumer surplus in the context of Marshallian demand curves. It is primarily addressed to teachers of microeconomics at the undergraduate level or in MBA programs of business schools. The main...

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Bibliographic Details
Main Author: Somdeb Lahiri
Format: Article
Language:English
Published: AGH UNIVERSITY PRESS 2020-10-01
Series:Managerial Economics
Online Access:https://journals.agh.edu.pl/manage/article/view/4018
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