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![Page 1: Welfare Economics: Consideration of Externalities in the Agricultural Production Process Eduardo Segarra Professor of Agricultural and Applied Economics](https://reader035.vdocuments.net/reader035/viewer/2022072006/56649f585503460f94c7d5c7/html5/thumbnails/1.jpg)
Welfare Economics: Consideration of Externalities in the Agricultural
Production Process
Eduardo SegarraProfessor of Agricultural and Applied Economics
Texas Tech University
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Consumer Surplus
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Producer Surplus
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Cost ofProduction
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Total Surplus = CS + PS
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Cost of Prod.
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