Examlex
A grasshopper can jump a height of 50 times the length of its body.Yet,muscles of small and large animals exert the same force per cross-sectional area.Explain how the grasshopper can still jump a relatively greater distance than can a human.
Producer Surplus
The disparity between the minimum amount sellers are ready to take for a product or service and the actual price they get in the market.
Price Received
The amount of money paid to a seller or producer for a good or service, excluding any taxes, fees, or additional charges.
Deadweight Losses
A loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved or is not achievable.
Deadweight Loss
The dip in economic performance due to the non-achievement or the impracticality of achieving the market balance for a good or service.
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