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2#
发表于 2013-4-3 05:51
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from the above (your statements)
producer surplus = economic rent , which makes sense conceptually as the producer’s surplus is what he gets to “appropriate” over and above normal profit (zero economic rent). But the two make sense in different contexts, producer surplus in the context of supply and demand analysis, and economic rent in the context of calculations of profit, with quantities, price and costs involved. The former is more conceptual, actually it is strictly! conceptual.
I hope this helps |
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