Examlex
Technician A performs a cylinder performance test [power balance test] to determine which cylinder is misfiring. Technician B uses a vacuum gauge to pinpoint the misfiring cylinder. Who is correct?
Consumer Surplus
The variance between what consumers are prepared and capable of spending for a product or service compared to the actual amount they end up paying.
Marginal Utility
The additional satisfaction or utility gained by consuming one more unit of a good or service.
Consumer Surplus
The consumer surplus is the gap between what consumers are ready and capable of paying for a good or service and what they actually spend on it.
Marginal Utility
The augmented satisfaction or value someone derives from the consumption of an extra unit of a good or service.
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