Producer surplus equals total revenue minus the sum of all marginal cost
Indicate whether the statement is true or false
True . The sum of all marginal cost equals total variable cost. Total revenue minus total variable cost equals producer surplus.
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What will be an ideal response?
Which of the following would be the most likely outcome if all perfectly competitive firms in a product market join together to form a monopoly?
A) Both the rate of output and the quantity of labor input employed will decrease. B) Both the rate of output and the quantity of labor input employed will increase. C) The rate of output in the market will increase but the quantity of labor input will decrease. D) The rate of output in the market will decrease but the quantity of labor input will increase.
Which of the following countries has the longest life expectancy for both men and women?
a. Japan. b. Germany. c. Canada. d. Great Britain. e. theUnited States.
If a person is going to borrow $360,000 for a home and pay it off in monthly payments of $4,552.00 for 30 years, the internal rate of return is
A. 15%. B. 0%. C. 5%. D. 10%.