Which of the Following Is the Definition of Producer Surplus

question 91

Multiple Choice

Which of the following is the definition of producer surplus?

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

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Definitions:

Prosocial Risk Takers

Individuals who engage in behaviors that are risky but intended to help others, demonstrating a willingness to take risks for the benefit of society.

Internally-Oriented

A focus or emphasis on one's own thoughts, feelings, and internal psychological processes.

Externally-Oriented

A focus on the external aspects of life, including the environment, society, and interactions with others, rather than internal thoughts or feelings.

Internal Locus

Refers to believing that one has control over their life events and outcomes as opposed to external forces.