The Amount That Producers Receive for a Good Minus Their

question 349

Multiple Choice

The amount that producers receive for a good minus their costs of producing it equals

• A)quantity supplied.
• B)supply price.
• C)deadweight loss.
• D)producer surplus.

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Definitions:

Overrunning Clutch

A drive-protection mechanism that prevents a drive member from being driven; for instance, after a starter motor has started the engine, the overrunning clutch prevents the engine from driving the starter and damaging it.

Flex Plate

A metal disc that connects the engine to the torque converter in automatic transmissions, allowing power transfer.

Driven Member

A component in a mechanical system that receives motion or power from another component, rather than generating it.

Centrifugal Lock-up

A mechanism in torque converters that locks the turbine to the pump when sufficient speed is achieved, improving fuel efficiency by eliminating slip.