Which of the Following Is the Definition of Producer Surplus

question 91

Multiple Choice

Which of the following is the definition of producer surplus?

• A)the total revenue received by the producer for a good minus the total cost of producing that good
• B)the price of a good minus the marginal cost of producing it,summed over the quantity produced
• C)the revenue received for a good,minus the cost of producing it
• D)the price of a good minus the cost of producing it
• E)quantity produced in excess of the allocatively efficient amount

Understand intermodal transportation and its significance.

Define and discuss the concept of sustainability in business practices.

Understand the concept of a closed-loop supply chain and its components.

Identify key logistics functions and their impact on supply chain efficiency.

---

Definitions:

Central Nervous System

The central nervous system (CNS) consists of the brain and spinal cord, functioning as the primary control center for processing and sending out information throughout the body.

Motor Neurons

Nerve cells that initiate and control the movement of muscles.

Sensory Neurons

Nerve cells within the nervous system responsible for converting external stimuli from the organism's environment into internal electrical impulses.

Peripheral

Refers to devices or units that are external to the central processing unit of a computer but connected to it, enhancing its capabilities.