Tags | |
The Consumer Surplus calculator computes the difference between value and amount paid by a buyer.
INSTRUCTIONS: Choose units and enter the following:
- (VtB) This is the value to the buyer.
- (APB) This is the amount paid by buyer.
Consumer Surplus: The consumer surplus is returned in U.S. dollars. However, this can be automatically converted to other currencies via the pull-down menu.
The Math / Science
The formula for Consumer Surplus
CS = VtB - APB
where:
- CS = Consumer Surplus
- VtB = Value to Buyer
- APB = Amount paid by Buyer
Consumer Surplus is simply the difference between the value of something to the consumer and the amount they paid for it.
Macroeconomics Calculators
- Income Elasticity of Demand
- Cross-Price Elasticity of Demand
- Price Elasticity of Demand
- Price Elasticity of Supply
- Total Surplus
- Consumer Surplus
- Producer Surplus
- GDP Growth
- GDP Deflator
- GDP by Income
- GDP Expenditure
- Net Capital Outflow
- Net Exports and Net Capital Outflow
- Dollar Conversion from Different Times
- Unemployment Rate (Friedman and Phelps)
- National Saving
- Domestic Investment
- Unemployment Rate
- Inflation Rate in Year 2 (using CPI)
- Labor Force
- Labor-Force Participation Rate
- Net Exports
- Real Exchange Rate
- Currency Converter
- Midpoint Method for Price Elasticity of Demand
- Income Elasticity of Demand
- Simple Price Elasticity of Demand
Reference:
Mankiw, N. Gregory. "Chapter 7:Market Efficiency." Principles of Macroeconomics. 6th ed. Mason, OH: Thomson/South-Western, 2004. 145-46. Print.
