List (2) Practices for Senders of Electronic Communications to Avoid

question 44

Essay

List (2) practices for senders of electronic communications to avoid miscommunication.

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Definitions:

Producer Surplus

The difference between the amount producers are willing to sell a product for and the actual higher amount they receive.

Positively Sloped

Describes a line or curve on a graph that moves upward as it goes from left to right, indicating a positive relationship between two variables.

Negatively Sloped

Refers to a downward inclination of a line or curve on a graph, indicating an inverse relationship between two variables.

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.