-In the Second Diagram,if the Distance Between D₀ and D₁

question 78

Multiple Choice

-In the second diagram,if the distance between D₀ and D₁ represents all spillover effects in this market,excess benefit when output level is at Q₁ equals the area:

• A)under the entire demand curve D₀
• B)under the entire demand curve D₁
• C)above S and below D₁ between the vertical axis and Q₁
• D)above S and below D₀ between the vertical axis and Q₀
• E)above S and below D₀ between the vertical axis and Q₁

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Definitions:

SPT

Shortest Processing Time; a priority rule used in scheduling to sequence jobs by ascending order of their processing times.

LPT

Longest Processing Time, a rule used in job sequencing problems to schedule jobs in descending order of their processing times.

Critical Ratio

A measure in project management and operations research indicating the urgency of a task based on its due date and the time remaining to complete it.

Production Value

The total worth of goods and services produced within a given period, measured often in terms of the cost of production or market value.