Producer surplus is the price received _______ summed over the quantity sold.
A) minus its marginal cost of production
B) multiplied by the quantity sold
C) subtracted from the value of the good
D) plus the consumer surplus

Question

Quizplus · Accepted Answer

Producer surplus is defined as the difference between the price a producer receives for a good or service and the marginal cost of producing that good or service, summed over the quantity sold.

Producer Surplus Is the Price Received _______ Summed Over the Quantity