Producer surplus is the difference between the _____ price and the minimum price at which a producer would be willing to sell a

Question

Scrat [10]

4 years ago

6

Producer surplus is the difference between the _____ price and the minimum price at which a producer would be willing to sell a

particular quantity.

Business

1 answer:

gogolik [260] · Answer 1 · 2021-12-28T05:14:37+03:00

Answer:

Market

Explanation:

Producer surplus is the difference between the market price and the minimum price at which a producer would be willing to sell a particular quantity.

Producer surplus is known to be the total amount that a producer benefits or gains from producing and selling a quantity of a good at the market price. The total revenue that a producer receives from selling their goods minus the total cost of production equals the producer surplus.