Examlex
What does an adaptive conjoint program do?
Consumer Surplus
The cleavage between the cumulative amount that consumers are willing to disburse for a good or service and their actual expenditure.
Welfare Economics
The study of how the allocation of resources affects economic well-being.
Consumer Surplus
The difference between the total amount that consumers are willing to pay for a good or service and the total amount that they actually pay.
Consumer Surplus
The rift between the financial input consumers are willing to make for acquiring a good or service and the actual amount they spend.
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