Producer Surplus Is

question 42

Multiple Choice

Producer surplus is

• A)measured using the demand curve for a good.
• B)always a negative number for sellers in a competitive market.
• C)the amount a seller is paid minus the cost of production.
• D)the opportunity cost of production minus the cost of producing goods that go unsold.

---

Definitions:

Managing Diversity

The practice of acknowledging, understanding, accepting, and valuing differences among people with respect to age, class, ethnicity, gender, physical and mental ability, race, sexual orientation, spiritual practice, and public assistance status.

Intrapreneurs

Employees within a company who are given the responsibility to develop new projects or ideas, operating as entrepreneurs within the organization.

Organizational Effectiveness

The degree to which an organization achieves its goals and objectives through efficient use of resources and satisfying stakeholders.

Demographics

Statistical data relating to the population and particular groups within it, used for identifying trends in human populations.