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

Which of the following will not cause a shift in the supply curve of a product?
Which of the following provides the measure of the general price inflation in an economy?
Which of the following can be a challenge(s) to Demographic Dividend? I- Massive Unemployment Rate II- Less job opportunities III- Less market-oriented ...
A Giffen good is characterized by:
MPLAD transferred to min of statistics and programme implementation from which of the following ministry ?
Which among the following state/UT were among the top two on SDG performance in 2020-21?
The law of supply states that, other things being equal:
What is the reason behind the rise in yield on the 10-year government bond in 2022?
During the Covid-19 Pandemic, MGNREGS wage increased by _______ over the wage rate of 2019-20.
Which of the following Statements about the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) is/are True? I- It is Central Sector Scheme announced ...

Hey! Ask a query

Producer surplus is:

Detailed Solution

More Economy and Inflation Questions

Hey! Ask a query

Please Register/Login