Total producer surplus is measured by the total area under the ...

[Kikoku]

Total producer surplus is measured by the total area under the equilibrium price and below the supply curve.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Producer surplus measures the value between the actual selling price and the profit-maximization price.
 a. True
  b. False
  Indicate whether the statement is true or false

[tashiedavis420]

Answer to Question 1

False

Answer to Question 2

False

[Kikoku]

TYSM

[mcabuhat]

Thanks for the timely response, appreciate it