25C00100 - Entrepreneurship and Innovation Management, 01.11.2018-22.11.2018
This course space end date is set to 22.11.2018 Search Courses: 25C00100
Glossary
Browse the glossary using this index
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consumer surplusConsumer
surplus is generated when the consumer feels that they get more benefit (B) out
of the product compared to the price (P) that they pay to obtain it. Consumer
surplus occurs when B – P > 0. The market equilibrium price denotes B – P =
0. All points in the demand curve to the left of the equilibrium denote B – P >
0, or consumer surplus. | ||
contract brewRead more about contract brewing here. | ||