Given the following two equations:
Show how equation (1) can be used to derive equation (2).
1) Total Surplus = Consumer Surplus + Froducer Surplus
2) Total Surplus = Value to Buyers - Cost to Sellers

Question

Given the following two equations:
Show how equation (1) can be used to derive equation (2).
 1) Total Surplus = Consumer Surplus + Froducer Surplus
2) Total Surplus = Value to Buyers - Cost to Sellers

Quizplus · Accepted Answer

The Answer of Given the following two equations:
Show how equation (1) can be used to derive equation (2).
 1) Total Surplus = Consumer Surplus + Froducer Surplus
2) Total Surplus = Value to Buyers - Cost to Sellers

Given the Following Two Equations