What Is the Significance of a Negative Sign in the Answer

question 11

Multiple Choice

What is the significance of a negative sign in the answer for current, when solving network problems?

• A) It means you must chose the correct direction for the actual, net, current flow.
• B) It means that the negative current flows in the opposite direction from the assigned current.
• C) It means you must subtract the negative value from the other value.
• D) It means there is a negative current flow.

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Definitions:

Consumer Surplus

The gap between the total amount consumers are prepared and able to spend for a product or service versus what they genuinely spend.

Maximum Price

The highest price that can legally be charged for a good or service, often set by government regulations to protect consumers from excessively high prices.

Market Failure

A situation in which the allocation of goods and services is not efficient, often leading to a net social welfare loss.

Consumer Surplus

The discrepancy in the overall amount consumers are inclined and able to expend on a product or service versus what they actually fork out.