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2.5.2 meaning and significance of producer surplus

Card 1 of 20

What is producer surplus?

A

Producer surplus is the extra cost incurred above a producer's minimum acceptable price.

B

Producer surplus is the total revenue received from selling at a producer's minimum acceptable price.

C

Producer surplus is the extra revenue received below a producer's minimum acceptable price.

D

Producer surplus is the extra revenue received above a producer's minimum acceptable price.

Card 1 of 20

2.5.2 meaning and significance of producer surplus Flashcards

  1. Intl A Level
  2. /Economics
  3. /2.5.2 meaning and significance of producer surplus

20 flashcards on CIE Intl A Level Economics 2.5.2 meaning and significance of producer surplus: the key terms and definitions you need to recall.

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