(Figure: Producer Surplus and Supply)Look at the figure Producer Surplus and Supply.The difference between the total revenue received by sellers and their total cost is called _____,which is depicted by area _____ if the amount sold is E.
A)consumer surplus;ABD
B)producer surplus;0BDE
C)profit;ABD
D)producer surplus;ABD

Question

(Figure: Producer Surplus and Supply)Look at the figure Producer Surplus and Supply.The difference between the total revenue received by sellers and their total cost is called _____,which is depicted by area _____ if the amount sold is E. 
A)consumer surplus;ABD 
B)producer surplus;0BDE 
C)profit;ABD 
D)producer surplus;ABD

Quizplus · Accepted Answer

The difference between the total revenue received by sellers and their total cost is known as producer surplus. According to the figure, the area depicted by ABD represents the producer surplus if the amount sold is E. Therefore, option D, which states that the difference between the total revenue received by sellers and their total cost is called producer surplus and is depicted by area ABD if the amount sold is E, is the correct answer.

(Figure: Producer Surplus and Supply)Look at the Figure Producer Surplus