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Chapter 10: Consumer Surplus and Dead Weight LossStatic GraphicsEach graphic opens in a new browser window. (Working Versions)Graph 10.1 Deriving MWTP from MRS of Indifference Curve Containing bundle A Graph 10.2Deriving MWTP from Compensated Budgets Graph 10.3MWTP, TWTP and Consumer Surplus Graph 10.4abMultiple Demand Curves (for different incomes) and Multiple MWTP Curves (for different utility levels) Graph 10.5abRelationship of Demand and MWTP Curves Graph 10.6abDistortionary Tax on Housing Graph 10.7abDistortionary Taxes and Substitution Effects Graph 10.8abTranslating DWL to MWTP Curves Graph 10.9abcDWL from Taxation for Different Types of Goods Graph 10.10Exponentially Increasing DWL when Tastes are Quasilinear and Demand is Linear Graph 10.11abIndirect Utility and Expenditure Function Graph 10.12"Duality" of Utility Maximization and Expenditure Minimization Graph 10.13abInverse Demand and Demand for Different Types of Goods Appendix: Shephard's Lemma and Roy's Identity Graph 10.14abSubstitution Effects, Shephard's Lemma and the Concavity of E(p1,p2,u) in Prices |