Producer Surplus

question 9

Multiple Choice

Producer surplus:

• A)Is the area under the supply curve above the price line.
• B)Is the price a firm receives for a good minus its marginal cost of production, for every unit it sells.
• C)Is the firm's marginal cost minus the price it receives for selling the good for every unit sold.
• D)The area between the MB and MC curves
• E)None of the above.

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