-In the above figure, when the price of pretzels is $3.00 per pound, the total producer surplus from all the pretzels will be
A) zero.
B) greater than at any other price.
C) less than at any other price.
D) the sum of the difference between $3.00 and the marginal cost of all the pounds produced.

Question

-In the above figure, when the price of pretzels is $3.00 per pound, the total producer surplus from all the pretzels will be
A) zero. 
B) greater than at any other price. 
C) less than at any other price. 
D) the sum of the difference between $3.00 and the marginal cost of all the pounds produced.

Quizplus · Accepted Answer

Producer surplus is calculated as the sum of the differences between the market price and the marginal cost for each unit produced.

-In the Above Figure, When the Price of Pretzels Is