Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Chapter Cost-Benefit Analysis Concepts and Practice Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer FOURTH EDITION Microeconomic Foundations of Cost- Benefit Analysis Three
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer Figure 3-1 Consumers’ Total Benefits and Consumer Surplus
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer Figure 3-2 Change in Consumer Surplus Due to a Price (a) Decrease (b) Increase
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer Figure 3-3 Individual Firm’s Supply Curve
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer Figure 3-4 Market Supply Curve
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer Figure 3-5 Social Surplus
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer Figure 3-6 Target Pricing Example
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer EXHIBIT 3-2 (continued)
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer EXHIBIT 3-2 (continued)
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer Figure 3A-1 Analysis of a Price Change (a) Indifference Curve (b) Demand Curve