Consumer surplus

Consumer surplus

The value of a commodity, good, or opportunity above the cost to the consumer; measured using willingness to pay, as specified in Federal guidelines for water resources planning.

This is auto-generated content. You can help to improve it.

0 0

Improve it

Add an image

Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Engineering
Category: Civil engineering
Government Agency: U.S. Bureau of Reclamation
Product:
Acronym-Abbreviation:

Collect to Blossary

Other Languages:

Related terms

consumer surplus

Economy; Economics

The difference between what a consumer would be willing to pay for a good or service and what that consumer actually has to pay. Added to producer surplus, it provides a measure ...

consumer surplus

Fishing; Marine fishery

The welfare (or well-being) consumers derive from a good or service, represented by the difference between the maximum a consumer is willing to pay for a good or service and what ...

consumer surplus

Economy; Economics

A buyer's willingness to pay minus the amount the buyer actually pays.

consumer surplus

Engineering; Civil engineering

The value of a commodity, good, or opportunity above the cost to the consumer; measured using willingness to pay, as specified in Federal guidelines for water resources planning.

consumer surplus

Economy; Economics

The amount a consumer is willing to pay for a product – the price the consumer actually pays. Can be used to measure the utility a consumer feels.

Consumer Surplus

Economy; Economics

Definition: Consumer surplus is defined as the difference between the consumers' willingness to pay for a commodity and the actual price paid by them, or the equilibrium ...

safety evaluation earthquake (SEE)

Engineering; Civil engineering

The earthquake expressed in terms of magnitude and closest distance from the damsite or in terms of the characteristics of the time history of free-field ground motions for which ...

civil engineering

Engineering; Civil engineering

The science that deals with designing and building bridges, roads, dams, and other large structures.

glazed tiles

Engineering; Civil engineering

Tile with a fused impervious facial finish composed of ceramic materials fused to the body of the tile, which may be nonvitreous, vitreous or impervious. (2)

vitreous tiles

Engineering; Civil engineering

Tile with water absorption of more than 0.5 percent, but not more than 3.0 percent. (2)

unglazed tiles

Engineering; Civil engineering

A hard, dense tile of uniform composition throughout, deriving color and texture from the materials of which the body is made. (2)

glaze

Engineering; Civil engineering

A ceramic coating matured to the glassy state on ceramic tile. The term "glaze" also refers to the material or mixture from which the coating is made.

Terms in the News

Featured Terms

Harry8L

0
Terms
0
Blossaries
1
Followers

Industry/Domain: History Category: World history

Ice Ages

The cold phases of the Pleistocene epoch, a period of extreme oscillation in global temperatures with corresponding extensions and contractions of the ...