Producer Surplus Is The

question 405

Multiple Choice

Producer surplus is the:

• A) number of producers who are excluded from a market because of scarcity.
• B) amount of a good that a producers will sell at a price below the equilibrium price.
• C) amount consumers actually pay for a good minus the amount the sellers are willing to sell the good.
• D) amount consumers are willing to pay for a good minus the cost of producing the good.

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Definitions:

Carbon Cycle

The biogeochemical cycle by which carbon is exchanged among the biosphere, pedosphere, geosphere, hydrosphere, and atmosphere of the Earth.

Respiration

The metabolic processes by which an organism obtains energy (in the form of ATP) by absorbing oxygen and releasing waste products.

Deciduous Forest

A type of forest characterized by trees that lose their leaves seasonally, found in temperate regions that experience warm summers and cold winters.

Pyramid of Biomass

A graphical representation showing the total mass of organisms at each trophic level in an ecosystem.