Producer Surplus for a Particular Unit of a Good Is

question 58

Multiple Choice

Producer surplus for a particular unit of a good is the:

• A)difference between the market price and the seller's cost of producing that unit.
• B)sum of the market price and the seller's cost of producing that unit.
• C)ratio of the market price to the seller's cost of producing that unit.
• D)product of the market price and the seller's cost of producing that unit.
• E)ratio of the market price to the seller's cost of producing that unit multiplied by 100.

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