Examlex
Personal digital assistant (PDA) is a small handheld computer that performs simple tasks such as taking notes, scheduling appointments, and maintaining an address book and a calendar. The PDA screen is touch-sensitive, allowing a user to write directly on the screen, capturing what is written.
Total Producer Surplus
The total benefit that producers receive from selling a good or service, measured as the difference between the market price and the minimum price producers are willing to accept.
Caitlin's Producer Surplus
The difference between what a producer (in this case, Caitlin) actually receives for selling a good and the minimum they would be willing to accept.
Producer Surplus
The difference between what producers are willing to accept for a good or service and what they actually receive, measured by the area above the supply curve and below the market price.
Whitewater Rafting
A recreational outdoor activity which uses an inflatable raft to navigate through rough or whitewater rivers.
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