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All Journal Mikailalsys Journal of Advanced Engineering International
Mahto, Shyam Kishor
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Chemical Engineering, Chemistry & Bioengineering Computer Science & IT Electrical & Electronics Engineering Engineering Mechanical Engineering

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Real Life Application of Consumer and Producer Surplus khatun, Aafrin; Sah, Sarswati Kumari; Sahani, Suresh Kumar; Mahto, Shyam Kishor
Mikailalsys Journal of Advanced Engineering International Vol 1 No 3 (2024): Mikailalsys Journal of Advanced Engineering International
Publisher : Darul Yasin Al Sys

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58578/mjaei.v1i3.3846

Abstract

In this assignment, we addressed the usage of consumer and producer surplus in various sectors as business sector, medical sector, engineering sector, non profit sector and educational sector. Businesses employ consumer excess to draw in new clients, boost client satisfaction, expand their product offerings, and maintain their position as leaders in their sector. The idea is to determine what advantages consumers can have from purchasing a product and then reduce the price of that product to provide those advantages to them in excess.
Co-Authors khatun, Aafrin Sah, Sarswati Kumari Sahani, Suresh Kumar