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Maria's Fellow Professor Asked Her to Teach an Honors Class

question 21

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Maria's fellow professor asked her to teach an honors class in the spring.Maria agreed only to find out after agreeing that teaching such a course also meant that she would have to attend meetings of the honors professors,go to honors-oriented conventions,and take on special advising duties.Maria had fallen victim to the __________ technique.


Definitions:

Producer Surplus

The difference between what producers are willing to accept for a good or service and what they actually receive, due to market prices.

Hamburgers

A popular food item made from ground meat, typically beef, placed inside a sliced bun and often accompanied by various toppings.

Producer Surplus III

The difference between what producers are willing to accept for a good or service versus what they actually receive, a measure of producer welfare.

Consumer Surplus

The gap in the aggregate amount consumers are willing and can afford to pay for a service or good versus the aggregate amount paid.

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