Ask Question
15 December, 04:30

Producer surplus measures theA. benefits to sellers of participating in a market. B. costs to sellers of participating in a market. C. price that buyers are willing to pay for sellers' output of a good or service. D. benefit to sellers of producing a greater quantity of a good or service than buyers demand.

+2
Answers (1)
  1. 15 December, 07:08
    0
    Answer: Option (A) is correct.

    Explanation:

    Producer surplus measures the benefits of the sellers or producers. producer surplus is the difference between the cost of production and the price paid by the consumer for a good or we can say price receive by the seller. Graphically, it is the area above the supply curve and under the equilibrium price that is paid by the consumer.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Producer surplus measures theA. benefits to sellers of participating in a market. B. costs to sellers of participating in a market. C. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers