The Difference Between the ________ and the ________ from the Sale

question 138

Multiple Choice

The difference between the ________ and the ________ from the sale of a product is called producer surplus.

• A) lowest price a firm would have been willing to accept; price it actually receives
• B) highest price a firm wold have been willing to accept; lowest price it was willing to accept
• C) cost to produce a product; price a firm actually receives
• D) cost to produce a product; profit received

---

Definitions:

Organic Extraction

A separation process for removing one or more compounds from a mixture using an organic solvent.

Neutral Organic

Organic compounds that are neither acidic nor basic, often characterized by their lack of charged functional groups.

Aqueous Layer

The aqueous layer is the water-based layer that forms during the separation of mixtures in liquid-liquid extraction, often distinguishable from organic layers due to its density and solubility properties.

Organic Layer

A portion of soil rich in organic matter, found at the surface, contributing to soil fertility and plant growth.