Producer surplus measures the
a. benefits to sellers of participating in a market.
b. costs to sellers of participating in a market.
c. price that buyers are willing to pay for sellers' output of a good or service.
d. benefit to sellers of producing a greater quantity of a good or service than buyers demand.
a
Economics
You might also like to view...
A rise in the income tax rate will
A) raise the multiplier and raise equilibrium income. B) lower the multiplier and raise equilibrium income. C) raise the multiplier and lower equilibrium income. D) lower the multiplier and lower equilibrium income.
Economics
How useful is M2 in tracking inflation? Explain.
What will be an ideal response?
Economics