Producer surplus is the difference between the
A) price and the willingness to pay for the good.
B) price and the marginal cost of producing the good summed over the quantity sold.
C) willingness to pay for the good and the marginal cost of producing the good summed over the quantity sold.
D) marginal benefit of consuming the good and the marginal cost of producing the good summed over the quantity sold.

Question

Quizplus · Accepted Answer

Producer surplus is the difference between the price received by producers and the marginal cost of producing the good, summed over the quantity sold.

Producer Surplus Is the Difference Between the