When there is a positive amount of total surplus in a market,it means that the cost of producing the good is zero.

Question

Quizplus · Accepted Answer

The total surplus in a market is the difference between the total value that consumers place on a good and the total cost of producing it. A positive total surplus indicates that the value consumers place on the good is greater than its cost of production, but it does not necessarily mean that the cost of producing the good is zero.

When There Is a Positive Amount of Total Surplus in a Market,it