In the short run, if a firm operates, it earns a profit of 500. The fixed costs of the firm are 100. ...

Author Question: In the short run, if a firm operates, it earns a profit of 500. The fixed costs of the firm are 100. ... (Read 59 times)

nenivikky

Hero Member
Posts: 516

on: Jul 1, 2018

In the short run, if a firm operates, it earns a profit of 500. The fixed costs of the firm are 100. This firm has a producer surplus of

A) 500.
B) 100.
C) 400.
D) 600.

Question 2

The difference between producer surplus and profit is always the associated with

A) opportunity costs.
B) total costs.
C) variable costs.
D) fixed costs.

Microeconomics ¦ Perloff ¦ 8^th Edition

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iman

Sr. Member
Posts: 334

Reply #1 on: Jul 1, 2018

Answer to Question 1

D

Answer to Question 2

D

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