Use the Following to Answer Question(s): Surplus and Supply

Multiple Choice

Use the following to answer question(s) : Surplus and Supply

-(Exhibit: Surplus and Supply) The difference between the total revenue received by sellers and their total cost is called _______ surplus, and for output level OE is depicted by the area enclosed in _______ .

A) consumer; ABD
B) producer; OBDE
C) net; OADE
D) producer; ABD