To an Economist,"value" Is the Same as

question 341

Multiple Choice

To an economist,"value" is the same as

• A) marginal cost.
• B) consumer surplus.
• C) the minimum price that people are willing to pay for another unit of the good.
• D) marginal benefit.
• E) total surplus.

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Definitions:

Filtration Membrane

A semipermeable barrier, particularly in the kidney, that separates blood from the filtrate in the nephron's Bowman's capsule.

Renal Corpuscle

The renal corpuscle is a key component of the nephron in the kidney, consisting of the glomerulus and Bowman's capsule, where blood filtration begins.

Osmotic Diuretics

Substances that increase urine output by altering the osmotic balance of the filtration processes in the kidneys, often used to treat fluid retention.

Thiazide Diuretics

A class of medications that act on the kidneys to promote sodium, chloride, and water excretion, used primarily to treat high blood pressure.