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