-In Figure 33.1, at the minimum wage the producer surplus is A)W*AC B)BW*C C)BW_minEF D)W_minAE

Name: -In Figure 33.1, at the minimum wage the producer surplus is A)W*AC B)BW*C C)BW min EF D)W min AE
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Producer surplus is the area above the supply curve but below the price level up to the quantity sold. In this case, it's represented by the area BW_minEF, which includes the triangle above the supply curve up to the minimum wage line and the quantity of labor hired.