The Economic Surplus of an Action Is

question 88

Multiple Choice

The economic surplus of an action is:

• A)the benefit gained by taking an action.
• B)the difference between the explicit and implicit costs of taking an action.
• C)the difference between the benefit and the cost of taking an action.
• D)the money a person has left over after taking an action.

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Definitions:

Sense Receptors

Specialized cells located in the body that detect and respond to stimuli by sending signals to the brain.

Brain

The organ in the head of an animal or human that controls functions of the body, processes thoughts, and enables consciousness.

Messages

Units of communication intended to convey information from one individual to another.

Split Brain

A condition resulting from surgery that divides the brain's hemispheres by cutting the corpus callosum to treat severe epilepsy.