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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 69 times)

nenivikky

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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 ¦ 8th Edition
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iman

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

D

Answer to Question 2

D


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