Producer surplus is the _______ summed over the quantity sold.
A) price received for a good minus its marginal cost
B) price received for a good minus the value of the good
C) marginal cost of making a good minus the price received for it
D) value of a good minus the price received for it

Question

Quizplus · Accepted Answer

Producer surplus is the difference between the price a producer receives for a good and the marginal cost of producing that good, summed over the quantity sold. This represents the extra benefit or surplus producers receive from selling goods at the market price.

Producer Surplus Is the _______ Summed Over the Quantity Sold