If All the Activity Capacity Acquired Is Not Used, This

question 159

Multiple Choice

If all the activity capacity acquired is not used, this is an example of

• A)practical capacity.
• B)activity capacity.
• C)unused capacity.
• D)ideal capacity.

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Definitions:

Profits

The financial gain realized when the revenue from selling goods or services exceeds the costs of production.

Monopolized

Refers to a market structure where a single firm or entity controls a significant portion of the market share, reducing competition.

Consumer Surplus

Consumer Surplus is the difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually do pay.

Net Social Gain

The overall benefit to society, calculated by subtracting total social costs from total social benefits.