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-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:
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.
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