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.

Question

Producer surplus is:

A The difference between marginal cost and marginal revenue

B The amount by which total revenue exceeds fixed cost

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

D The total cost of producing a good

Practice Next

More Economy and Inflation Questions

What is one of the most significant adaptations that contributed to the evolutionary success of insects as a group?
Which of the following is NOT an element of the marketing mix?
Choose the correct statements.

(A) Cauliflower and cabbage are indicator plant of Fe and Ca.

(B) Sugarbeet is the indicator plant of Mn.

Botanical name of six row barely is
An agricultural region receives less than 500 mm of rainfall annually. The region is located in ____________ climatic zone and farmers might f...
Which board is not under Ministry of Commerce and Industry?
Which component of the cuticle becomes water insoluble due to tanning reactions during sclerotization?
The maximum amount of energy is liberated on oxidation of ____
Reduction of NADP during the photosynthesis takes place in
Given below are two statements: One is labelled as Assertion (A) and the other is labelled as Reason (R):

Assertion (A): Guava is considered most...

Producer surplus is:

Solution