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The information sent by a source to a receiver during the communication process is referred to as
Average Total Cost
The total cost of production divided by the number of units produced, used to analyze cost behaviors in economics.
Producer Surplus
The difference between the amount producers are willing and able to sell a product for and the actual amount they receive, often representing profit.
Total Surplus
The total net gain for society derived from the creation and utilization of goods or services, calculated as the combined value of consumer and producer surplus.
Net Welfare Gain
The improvement in societal well-being, measured as the sum of consumer and producer surplus, arising from economic transactions or policy changes.
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