Examlex
In a menu-driven program, what statement is used to determine and carry out the user's desired action?
Total Surplus
The sum of consumer surplus and producer surplus, representing the total net benefits to society from a market transaction.
Private Value
The individual valuation of a good or service to a particular consumer or producer, not taking into account external effects or social welfare.
External Benefits
Positive effects of a product or service on individuals or entities who are not directly involved in the transaction or production of the product or service.
External Benefit
A positive effect or advantage that results from a product or service's use, affecting individuals or entities who are not directly involved in the transaction.
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