Producer surplus is the
A) cost of the good summed over the quantity sold.
B) demand for a good minus the supply summed over the quantity sold.
C) price of a good minus the marginal cost of producing it summed over the quantity sold.
D) marginal cost of producing it summed over the quantity sold.
C
Economics
You might also like to view...
Refer to Scenario 3 . Compute the opportunity cost of building two more huts in one day
What will be an ideal response?
Economics
Explain the four assumptions on which the theory of consumer choice is based. Select one of these assumptions and explain what would happen if this assumption did not hold true
What will be an ideal response?
Economics