Examlex
An instant has no duration. But an hour is composed of instants. Therefore, an hour has no duration.
Toll Roads
Highways or sections of highways for which users are required to pay a fee for access or passage.
Consumer Surplus
The discrepancy between what consumers are prepared and can afford to spend on a product or service versus what they end up paying.
Producer Surplus
The difference between the amount a producer is willing to accept for a good or service and the actual amount received when it is sold.
Economic Efficiency
The optimal allocation of resources to maximize productivity and meet consumer demand most effectively.
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