The amount that producers receive for a good minus their costs of producing it equals
a. quantity supplied.
b. supply price.
c. deadweight loss.
d. producer surplus.
d
Economics
You might also like to view...
The noninstitutional population does not include those members of the population who are
What will be an ideal response?
Economics
Opportunity cost may be defined as the
A. Goods or services that are forgone in order to obtain something else. B. Dollar cost of producing a particular product. C. Dollar prices paid for final goods and services. D. Difference between wholesale and retail prices.
Economics
In perfectly competitive industries, firms can easily enter and exit the industry in the long run.
Answer the following statement true (T) or false (F)
Economics
One formula for ________ is ?TVC/?q.
A. MC B. ATC C. TFC D. AVC
Economics