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What are the consumer and producer surplus?
Consumer and producer surplus:
At equilibrium P1Q1 (as point B, here demand equals supply)
It is equal to area P1AB, it represents the difference among the amounts buyers into aggregate were willing to pay for the good or service compared to what they really did pay (P1), and in effect the usefulness the buyer received but they did not pay for.
It is equal to area P1BC that represents the difference among the price firms in approx would have accepted for the good or the service supplied compared to that they in fact did receive (P1).
In which areas of the globe is gymnosperm abundance noteworthy? These plants are the typical vegetation of cold regions as the taiga, or boreal forest, of the northern hemisph
The left atrio-ventricular aperture in man is guarded by
Oligomeric enzymes Oligomeric proteins consist of two or more polypeptide chains, which are usually linked to each other by non-covalent interactions and never by peptide bonds
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assignment on the topic proteins
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Suppose that there are six pairs of alleles which control height and that every dominant allele adds 5cm to the stature. Assume also that the average height of an adult (with equal
Drugs for hepatitis B Chronic HBV infection is currently treated with interferon alfa, lamivudine or adefovir. Lamivudine is much better tolerated than interferon and much les
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