A(n) Computer Network Is a Collection of Computers and Other

question 45

True/False

A(n) computer network is a collection of computers and other hardware devices connected together so that network users can share hardware, software, and data, as well as electronically communicate with each other. _________________________

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Definitions:

Total Surplus

The sum of consumer and producer surplus, representing the total net benefit to society from the production and consumption of a good or service.

Gains From Trade

Gains achieved by dividing tasks and trading; in this way people can get more of what they want through trade than they could if they tried to be self-sufficient.

Total Surplus

The sum of consumer surplus and producer surplus; a measure of the total benefit to society from a market transaction.

Consumer Surplus

The differential between consumers’ readiness to pay a certain amount for a service or good and the payment completed.