To a Seller,the Cost of a Good or Service Is

Multiple Choice

To a seller,the cost of a good or service is ________,and the price is ________.

A) what must be given up to produce the good or service; what is received for the good or service
B) what is received for the good or service; what must be given up to produce the good or service
C) the producer surplus the seller receives; the consumer surplus the buyer receives
D) the producer surplus the buyer receives; the consumer surplus the seller receives
E) None of the above answers is correct.