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During the Winter of 1999, Minimum Temperatures Did Not Get

question 102

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During the winter of 1999, minimum temperatures did not get much below freezing in an Oregon pond, and the following summer, large mosquito populations were observed. In the winter of 2000, frost came early and most ponds were frozen for 3 months. The following summer, very small mosquito populations were observed. This is an example of


Definitions:

Consumer Surplus

The financial gap between the potential spending by consumers on a product or service versus their actual spending.

Marginal Utility

The added enjoyment or advantage gained by using one more unit of a good or service.

Marginal Utility

The additional satisfaction or benefit received by consuming one more unit of a good or service.

Total Utility

The overall pleasure gained through consuming a certain volume of goods or services.

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