Multiple Choice
In the short run,producer surplus equals _____
A) total revenue (TR) − variable cost (VC) .
B) total revenue (TR) − average variable cost (AVC) .
C) total revenue (TR) + variable cost (VC) .
D) total revenue (TR) − average fixed cost (AFC) .
E) total revenue (TR) + total cost (TC) .
Correct Answer:
Verified
Correct Answer:
Verified
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