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Knowledge of the cell cycle has led to improved means of treating cancer. Taxol prevents the microtubules of the spindle fiber from functioning normally. Taxol prevents the cell cycle from entering
Total Surplus
The total net benefit to society from the production and consumption of a good, equal to the sum of consumer surplus and producer surplus.
Consumer Surplus
The deviation between the full cost that consumers are willing and are financially suitable to pay for a product or service, and the cost they ultimately pay.
Individual Consumer Surplus
The net gain to an individual buyer from the purchase of a good; equal to the difference between the buyer’s willingness to pay and the price paid.
Selling Haircuts
The commercial activity of providing hair cutting and styling services to customers for a fee.
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