In the Health Sciences, the Largest Potential Source of Big

question 15

Multiple Choice

In the health sciences, the largest potential source of Big Data comes from

• A) accounting systems.
• B) human resources.
• C) patient monitoring.
• D) research administration.

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Definitions:

Producer Surplus

The discrepancy between the price at which producers are prepared to sell a product and the actual price they obtain.

Consumer Surplus

A mismatch between the price consumers feel prepared to pay for a good or service, and the actual outlay.

Competitive Price

A price that is in line with or slightly below the market average, aiming to attract customers in a competitive environment.

Total Surplus

is the sum of consumer surplus and producer surplus, representing the overall economic benefit to society from trade or market activity.