Answer-Producer surplus is:

Q: Answer-Producer surplus is:

Correct Answer C. The difference between the price producers receive and the minimum they would accept Explanation Producer surplus measures the benefit producers get by selling at a market price higher than their minimum acceptable price.

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Producer surplus is:

Question

Producer surplus is:

A The difference between marginal cost and marginal revenue Correct Answer Incorrect Answer

B The amount by which total revenue exceeds fixed cost Correct Answer Incorrect Answer

C The difference between the price producers receive and the minimum they would accept Correct Answer Incorrect Answer

D The total cost of producing a good Correct Answer Incorrect Answer

Solution

Correct Answer: C. The difference between the price producers receive and the minimum they would accept
Explanation: Producer surplus measures the benefit producers get by selling at a market price higher than their minimum acceptable price.

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