Author Question: Total producer surplus is measured by the total area under the equilibrium price and below the ... (Read 94 times)

Kikoku · **on:** Jun 30, 2018

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