consumers and producers both receive “a [...]” when they are allowed to engage in a mutually beneficial, voluntary exchange with one another
Answer
bargain
If you want to change selection, open original toplevel document below and click on "Move attachment"
Parent (intermediate) annotation
Open it consumers and producers both receive “a bargain” when they are allowed to engage in a mutually beneficial, voluntary exchange with one another
Original toplevel document
3.11. Total Surplus—Total Value minus Total Variable Cost
In the previous sections, we have seen that consumers and producers both receive “a bargain” when they are allowed to engage in a mutually beneficial, voluntary exchange with one another. For every unit up to the equilibrium unit traded, buyers would have been willing to pay more than they actually had to pay. Additionally, for every one of those units, sellers would ha
Summary
status
not learned
measured difficulty
37% [default]
last interval [days]
repetition number in this series
0
memorised on
scheduled repetition
scheduled repetition interval
last repetition or drill
Details
No repetitions
Discussion
Do you want to join discussion? Click here to log in or create user.