Where Does Producer Surplus Get Its Name? That Is, Why

question 179

Essay

Where does producer surplus get its name? That is, why do economists call it a surplus?

---

Definitions:

Mammography

A diagnostic technique that uses X-rays to examine the human breast for diagnosis and screening of breast cancer.

Menarche

Menarche is the initial onset of menstruation, which marks the beginning of a female's reproductive years.

Menopause

The period in a woman's life, typically between 45 and 55 years of age, when menstruation ceases.

Braxton Hicks

intermittent, painless uterine contractions that occur during pregnancy, often referred to as "false labor."