Producer Surplus Is

question 42

Multiple Choice

Producer surplus is

• A)measured using the demand curve for a good.
• B)always a negative number for sellers in a competitive market.
• C)the amount a seller is paid minus the cost of production.
• D)the opportunity cost of production minus the cost of producing goods that go unsold.

---

Definitions:

Fault Relay Contact

An electrical switch that opens or closes in response to a fault condition, used for safety or control in electrical circuits.

Processor Malfunction

An error condition in which the CPU of a computer or industrial control system fails to operate correctly.

Input Address

The unique identifier used in PLC (Programmable Logic Controller) programming and other computer systems to specify the location of an input signal or data.

Forced Status

A condition where the state of a device or component is manually set or overridden, typically for testing or emergency purposes.