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Author Question: Total producer surplus is measured by the total area under the equilibrium price and below the ... (Read 95 times)

Kikoku

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  • Posts: 540
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


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tashiedavis420

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

False


Kikoku

  • Member
  • Posts: 540
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

rleezy04

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Reply 3 on: Yesterday
Wow, this really help

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