Producer Surplus Is the

question 61

Multiple Choice

Producer surplus is the

• A)area under the supply curve to the left of the amount sold.
• B)amount a seller is paid minus the cost of production.
• C)area between the supply and demand curves,above the equilibrium price.
• D)cost to sellers of participating in a market.

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Definitions:

Epstein-Barr Virus

A herpesvirus that can cause infectious mononucleosis (mono) and is associated with various types of cancers and autoimmune diseases.

Viroid

Infectious strand of RNA devoid of a capsid and much smaller than a virus.

Prion

Infectious agents composed primarily of protein material that can induce abnormal folding of specific normal cellular proteins called prion proteins, mostly affecting the brain.

HIV

Human Immunodeficiency Virus, a virus that attacks the immune system and, if not treated, can lead to AIDS (Acquired Immunodeficiency Syndrome).