Solved

In the Long Run, a Firm's Producer Surplus Is Equal

Question 49

Multiple Choice

In the long run, a firm's producer surplus is equal to the:


A) economic rent it enjoys from its scarce inputs.
B) revenue it earns in the long run.
C) positive economic profit it earns in the long run.
D) difference between total revenue and total variable costs.
E) difference between total revenue and total fixed costs.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions