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Author Question: Producer surplus equals A) total revenue minus total variable cost. B) total revenue minus the ... (Read 128 times)

washai

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on: Jul 1, 2018
Producer surplus equals
 
  A) total revenue minus total variable cost.
  B) total revenue minus the sum of all marginal cost.
  C) profit plus fixed cost.
  D) All of the above.

Question 2

Producer surplus is equal to
 
  A) the area under the supply curve.
  B) the difference between price and average cost for all units sold.
  C) the difference between price and marginal cost for all units sold.
  D) the firm's profit when fixed costs exist.


bubulittle310@msn.cn

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

C


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