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Delicious77 [7]
3 years ago
11

Producer surplus directly measures a. the well-being of buyers and sellers. b. the well-being of society as a whole. c. the well

-being of sellers. d. sellers' willingness to sell.
Business
1 answer:
marissa [1.9K]3 years ago
4 0

Answer:

c. the well-being of sellers.

Explanation:

A surplus is the amount by which the quantity supplied of a good exceeds the quantity demanded of the good.

Producer surplus is the amount a buyer is willing to pay for a good minus the cost of producing the good.

On the other hand, consumer surplus is the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.

Hence, an export subsidy will increase producer surplus.

In conclusion, producer surplus directly measures the well-being of sellers.

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During February, $186,500 was paid to creditors on account, and purchases on account were $201,400. Assuming the February 28 bal
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