Producer surplus for the whole market can be thought of as:
A) total profit.
B) variable operating profit plus factor rents.
C) total profit minus factor rents earned by lower cost firms.
D) total profit plus factor rents earned by lower cost firms.

Question

Quizplus · Accepted Answer

The Answer of Producer surplus for the whole market can be thought of as:
A) total profit.
B) variable operating profit plus factor rents.
C) total profit minus factor rents earned by lower cost firms.
D) total profit plus factor rents earned by lower cost firms.

Producer Surplus for the Whole Market Can Be Thought of As