Who among the following made an early formulation of the concept of consumer's surplus?
Dupuit is associated with the early formulation of consumer surplus through willingness to pay. Marshall later developed and popularised this form of welfare analysis.
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Who among the following made an early formulation of the concept of consumer's surplus?
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Correct answer A
Dupuit is associated with the early formulation of consumer surplus through willingness to pay. Marshall later developed and popularised this form of welfare analysis.
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RPSC School Lecturer (School Education)