Examlex
Simplify the expression algebraically.
Output
The complete sum of products or services generated by an individual, device, company, or economic system.
Total Surplus
The aggregate benefit to society, represented by the consumer and producer surplus, from the consumption and production of a good or service.
Value to Buyers
The perceived benefit or satisfaction that consumers derive from purchasing and consuming a product or service, influencing their willingness to pay.
Costs to Sellers
The expenses incurred by sellers in producing and selling a product, which can include materials, labor, and overhead.
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