The difference between producer surplus and profit is always the associated with
A) opportunity costs.
B) total costs.
C) variable costs.
D) fixed costs.
D
Economics
You might also like to view...
P-TV and QRS-TV are trying to decide whether to air a sitcom or a reality show in a given time slot. Viewers like both sitcoms and reality shows, but sitcoms are more expensive to produce than reality shows since real actors need to be hired. QRS-TV makes its decision first, and then P-TV observes that choice before making its decision. Both stations know all of the information in the decision tree below. 
P-TV will air a sitcom:
A. never. B. only if QRS-TV is airing a reality show. C. no matter what QRS-TV does. D. only if QRS-TV is also airing a sitcom.
Economics
"Market forces determine the success of any management innovation". Do you agree?
What will be an ideal response?
Economics