Mikailalsys Journal of Advanced Engineering International
Vol 1 No 3 (2024): Mikailalsys Journal of Advanced Engineering International

Real Life Application of Consumer and Producer Surplus

khatun, Aafrin (Unknown)
Sah, Sarswati Kumari (Unknown)
Sahani, Suresh Kumar (Unknown)
Mahto, Shyam Kishor (Unknown)

Article Info

Publish Date
18 Sep 2024

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.

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Journal Info
Mikailalsys Journal of Advanced Engineering International
Website

Abbrev

MJAEI

Publisher

Lembaga Yasin Alsys

Subject

Chemical Engineering, Chemistry & Bioengineering Computer Science & IT Electrical & Electronics Engineering Engineering Mechanical Engineering

Description

Mikailalsys Journal of Advanced Engineering International [3046-8914 (Print) and 3046-9694 (Online)] is a double-blind peer-reviewed, and open-access journal dedicated to disseminating all information contributing to the understanding and development of the fields of engineering and technology ...