Maximizing social benefit is maximizing consumer surplus
Indicate whether the statement is true or false
F Consumer surplus plus producer surplus is a better representation of welfare. Producer surplus is welfare also, and it should be remembered that many who receive producer surplus are retirees and other shareholders who depend on income from the shares. This is a hard question because some argue that only consumer surplus should be considered as welfare but that overlooks the positive value of producer surplus..
You might also like to view...
Traditionally, bonds have been issued with coupons that bondholders redeem every
A) year. B) quarter. C) six months. D) month.
Which of the following is NOT a responsibility of the Board of Governors?
A) approving bank mergers B) determining permissible activities for bank holding companies C) carrying out open market operations D) setting the salaries of the presidents and officers of district banks