Producer Surplus for a Business Is

question 59

Multiple Choice

Producer surplus for a business is:

• A)the sum the business's profit and its variable cost
• B)the price received from each unit of an item multiplied by the number of units of the item produced by the business
• C)the sum of the marginal costs of producing a particular item for all units of the item produced by the business
• D)the difference between price and marginal cost for each unit the business produces and sells
• E)the sum of the business's variable cost and fixed cost

---

Definitions:

Robert Merton

An influential American sociologist known for developing theories on social structure, anomie, and for the concept of self-fulfilling prophecy, among other contributions to sociology.

Societal Community

A group of people who share common values, traditions, and behaviors, forming a cohesive unit within a larger society.

Integrative

Approaches or methods that combine different theories, practices, or systems into a unified whole.

Imperative

A crucial or essential condition, requirement, or command that is binding and necessary.