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Which of the Following Is the Definition of Producer Surplus

Question 91

Multiple Choice

Which of the following is the definition of producer surplus?


A) the total revenue received by the producer for a good minus the total cost of producing that good
B) the price of a good minus the marginal cost of producing it,summed over the quantity produced
C) the revenue received for a good,minus the cost of producing it
D) the price of a good minus the cost of producing it
E) quantity produced in excess of the allocatively efficient amount

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