Short-Run Producer Surplus Can Be Caluculated by Integration as (Where $\int _ { 0 } ^ { q ^ { * } } M C ( q ) d q - p$

question 2

Multiple Choice

Short-run producer surplus can be caluculated by integration as (where q* is the firm's profit maximizing output level and MC(q) is its marginal cost function)

• A) \(\int _ { 0 } ^ { q ^ { * } } M C ( q ) d q - p\) .
• B) \(\int _ { 0 } ^ { q ^ { * } } [ M C ( q ) - p q ] d q\) .
• C) \(\int _ { 0 } ^ { q ^ { * } } p q - M C ( q ) d q\) .
• D) \(\int _ { 0 } ^ { q ^ { * } } [ p - M C ( q ) ] d q\) .

---

Definitions:

Threat

Any circumstance or event with the potential to cause harm to a system, organization, individual, or property.

Buyer Power

The influence that customers have over a company, including their ability to drive prices down or demand higher quality products and services.

Buyers

Individuals or entities that purchase goods or services for personal use, resale, or use in production or operations.

Choices

The range of different options or decisions available to an individual or organization.