Producer surplus is the Group of answer choices the difference between the willingness to sell and...

Question

Question

Producer surplus is the

Group of answer choices

the difference between the willingness to sell and the willingness to buy.

the difference between the price and the opportunity cost of production.

total revenues.

the difference between what the consumer offered and the actual price.

Answer 1

Answer #1

Ans) the correct option is the b) the difference between the price and the opportunity cost of production.

Producer surplus refers to the difference between the producers willingness to sell and the actual price

Answer 2

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