Producer Surplus Is

question 49

Multiple Choice

Producer surplus is:

• A)always equal to zero for a competitive firm in long run equilibrium.
• B)always greater than zero for a competitive firm in long run equilibrium.
• C)defined as the area below the supply curve and above the price.
• D)defined as the area above the supply curve and above the price.

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Definitions:

Ulipristal

A medication used primarily for emergency contraception and also for treating fibroids in the uterus by acting on the progesterone receptors.

Barrier Method

A type of contraception that physically prevents sperm from reaching the egg, examples include condoms and diaphragms.

Contraceptive Sponge

A soft, disk-shaped device made of polyurethane foam that contains spermicide and is inserted into the vagina to prevent pregnancy.

Depot Medroxyprogesterone Acetate (DMPA)

A long-acting, injectable contraceptive hormone used to prevent pregnancy.