Producer Surplus

question 29

Multiple Choice

Producer surplus

• A)is the minimum amount a firm must receive to engage in trade.
• B)is a measure of what a firm gains from trade.
• C)represents the opportunity cost of the firm.
• D)determines whether or not a firm will produce in the long run.

---

Definitions:

Generation Y

Also known as Millennials, the demographic cohort following Generation X, typically born between the early 1980s and mid-1990s.

Generation Z

Refers to the demographic cohort following millennials, typically born between the late 1990s and early 2010s.

Cultural Ageism

Discrimination or prejudice against individuals based on their age, particularly within cultural contexts or practices, leading to stereotypes and marginalization.

Ephebophobic

Having an irrational fear of youth or young people.