Examlex
Which of the following statements about hydra morphology is correct?
Opportunity Cost
Opportunity cost is the loss of potential gain from other alternatives when one alternative is chosen.
Consumer Surplus
The separation between the total amount consumers are equipped and willing to pay for a good or service and what is effectively paid.
Total Surplus
The sum of consumer and producer surplus, reflecting the total benefit to society from the production and consumption of goods and services.
Consumer Surplus
The split between the maximum total consumers are prepared to pay for a product or service and the actual payment.
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