Examlex
Which of the following are output alarms?
I. ventilator inoperative
II. high-pressure limit
III. incompatible settings
IV. low PEEP/CPAP
Total Surplus
The sum of consumer surplus and producer surplus, representing the total benefit to society from the production and trade of goods and services.
Consumer Surplus
The difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay; a measure of consumer benefit.
Producer Surplus
The difference between the amount a producer is actually paid for a good compared to the minimum amount they would accept for the good.
Excess Supply
A market condition where the quantity of a commodity available for sale exceeds the quantity demanded at the current price.
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