QuantEcon / QuantEcon/lecture-python-intro
[intro_supply_demand] A more detailed explanation of Social welfare in 7.2.3
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reading-group-2023
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- Jupyter Notebook
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Description
"assuming that consumers and producers pay the same price" → "assuming that there is no taxes or transportation fee etc. when buying a good in a market, thus the price comsumers pay is equal to the price producers recieve."
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Research direction
Find section 7.2.3, “Social welfare,” in the intro_supply_demand lecture notebook. Replace the sentence about consumers and producers paying the same price with the provided explanation about taxes, transportation fees, and equal consumer and producer prices; done means the revised wording appears in that section.
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Assessment
- Tech stack
- jupyter-notebook
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- documentation
- Issue type
- Documentation
- Difficulty
- 1/5
- Estimated time
- Under an hour
- Activity status
- Stale
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- Clearly specified
- Newbie friendliness
- 52/100