Want to find out the total surplus? Enter the consumer and producer surplus, and our Total Surplus Calculator Tool will show you the total surplus.
Total Surplus Calculator
Total Surplus Calculator
Component | Description |
---|---|
Consumer Surplus | The difference between what consumers are willing to pay and what they actually pay. |
Producer Surplus | The difference between the price producers receive for a good or service and the minimum price they are willing to accept. |
Total Surplus | The sum of consumer surplus and producer surplus, representing the total net benefit to society from the production and consumption of goods or services. |
Formula | Total Surplus = Consumer Surplus + Producer Surplus |
Purpose | Used to measure the overall economic welfare and efficiency in a market. |