Examlex
Which of the following is an ordering of jobs based on their content or relative value?
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount they actually pay.
Marginal Cost
The expenditure required to create one more unit of a product.
Producer Surplus
The difference between the amount that producers are willing and able to sell a product for and the actual amount they do sell it for.
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