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| economic surplus definitions | |||
|---|---|---|---|
| # | Definition | Sets | |
| 1 | the benefit of taking any action minus its cost | 5 sets | |
| 2 | the sum of consumer surplus and producer surplus | 5 sets | |
| 3 | the benefit of any action minus its cost | 2 sets | |
| 4 | ___ from taking any action is benefit minus cost | 1 set | |
| 5 | sum of consumer and producer surpluses | 1 set | |
| 6 | benefit of taking any action minus its cost | 1 set | |
| 7 | benefits-cost | 1 set | |
| 8 | the benefit of taking an action minus its cost | 1 set | |
| 9 | the benefit of taking an action minus its cost. | 1 set | |
| 10 | the difference between benefit and cost --the goal of an economist is to maximize economic surplus | 1 set | |
| 11 | the economic surplus from taking any action is the benefit of taking that action minus its cost | 1 set | |
| 12 | the sum of consumer surplus and producer surplus. | 1 set | |
| 13 | people producing more foods,goods and clothes than they consumer | 1 set | |