Producer Surplus Is

question 22

Multiple Choice

Producer surplus is

• A)represented on a graph by the area below the demand curve and above the supply curve.
• B)the amount a seller is paid minus the cost of production.
• C)also referred to as excess supply.
• D)All of the above are correct.

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Definitions:

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a foundational statute of US labor law that protects the rights of employees to organize, bargain collectively, and engage in concerted activities for mutual aid or protection.

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