Principles of Microeconomics: "6.1 and 6.2"

Read Section 6.1 to revisit the concept of marginal costs and benefits within the context of the consumer's (and the firm's) maximizing behavior. Proceed to read Section 6.2, which defines two new concepts: consumer surplus and producer surplus. Take a moment to read through the stated learning outcomes for this chapter of the text, which you can find at the beginning of each section. These outcomes should be your goals as you read through the chapter. Attempt the "Try It" problem for each section.