Which of the Following Is the Definition of Producer Surplus

question 72

Multiple Choice

Which of the following is the definition of producer surplus?

• A)the revenue received for a good,minus the cost of producing it
• B)the price of a good minus the cost of producing it
• C)quantity produced in excess of the allocatively efficient amount
• D)the total revenue received by the producer for a good minus the total cost of producing that good
• E)the price of a good minus the marginal cost of producing it,summed over the quantity produced

---

Definitions:

References

A section of a document where cited works or sources of information are listed.

Undo Action

A feature in software that allows the user to reverse their last operation or series of operations.

Redo Action

The command used to reapply the last action that was undone.

Repeat Action

A function in various software that allows the user to perform the last action again, often activated by a specific command or button.