For an individual firm operating in the short run, producer surplus equals the difference between total revenues and total nonsunk costs. Thus,:
A)producer surplus equals economic profit.
B)producer surplus is less than economic profit.
C)producer surplus is greater than economic profit.
D)producer surplus equals economic rent.

Question

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The Answer of For an individual firm operating in the short run, producer surplus equals the difference between total revenues and total nonsunk costs. Thus,:
A)producer surplus equals economic profit.
B)producer surplus is less than economic profit.
C)producer surplus is greater than economic profit.
D)producer surplus equals economic rent.

For an Individual Firm Operating in the Short Run, Producer