Producer surplus is the ________ summed over the quantity produced
A) price of the good minus the marginal cost of producing it
B) marginal benefit of the good minus its marginal cost
C) marginal benefit of the good minus its price
D) marginal cost of the good minus the opportunity cost of producing it
E) None of the above answers is correct.
A
Economics
You might also like to view...
Under a fixed exchange rate system, if the inflation rate in the United States is 0 percent a year and the inflation rate in Australia is 5 percent a year, then the U.S. real exchange rate will
A) may increase or decrease. B) decrease 5 percent a year. C) remain constant. D) increase 5 percent a year.
Economics
Monopolistically competitive firms face a perfectly elastic demand curve
Indicate whether the statement is true or false
Economics