Suppose there are three buyers (A,B,and C)in a competitive market with the marginal benefit (MB)schedules like those shown in the table below.Calculate the consumer surplus using the market demand curve.Assume that the market price is $10.Show that you get the same answer by adding the consumer surplus for all three buyers.How much does consumer surplus increase for the market as a whole and for each individual when the market price falls to $8? 
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A method or procedure employed in solving mathematical problems or in modeling real-world phenomena using mathematical concepts.
Labour Cost
The total expenditure incurred by employers to compensate the workforce, including wages, benefits, and any other employee-related expenses.
Per Unit
A term used to define the cost, price, or quantity relative to a single unit of a product or service.
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The likelihood of financial loss or other adverse effects on investment outcomes due to political instability, government actions, or geopolitical tensions in a region.
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