Examlex
-In the figure, and
are tangents to the circle from point D. If m
= 84°, find m
.
Positive Feedback
Put simply, success breeds success, failure breeds failure; the effect is seen with goods that are subject to network externalities.
Marginal Social Benefits
The additional benefits to society as a whole from producing one more unit of a good or service.
Socially Optimal Level
The level of output or activity where the benefits to society are maximized, taking into account both private and external costs and benefits.
Marginal Private Benefits
The additional satisfaction or utility gained by a consumer or firm from consuming or producing one more unit of a good.
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