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Question 36

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Use the following to answer question:
Figure: Producer Surplus and Supply Use the following to answer question: Figure: Producer Surplus and Supply   -(Figure: Producer Surplus and Supply)  Look at the figure Producer Surplus and Supply. The difference between the total revenue received by sellers and their total cost is called _____ surplus, which is depicted by area _____ if the amount sold is E. A)  consumer; ABD B)  producer; 0BDE C)  net; 0ADE D)  producer; ABD
-(Figure: Producer Surplus and Supply) Look at the figure Producer Surplus and Supply. The difference between the total revenue received by sellers and their total cost is called _____ surplus, which is depicted by area _____ if the amount sold is E.


A) consumer; ABD
B) producer; 0BDE
C) net; 0ADE
D) producer; ABD

Correct Answer:

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