-In the above figure, if the market produces the efficient amount of purses then producer surplus equals triangle
A) abc.
B) bcd.
C) adc.
D) dce.

Name: -In the above figure, if the market produces the efficient amount of purses then producer surplus equals triangle A) abc. B) bcd. C) adc. D) dce.
Brand: Quizplus
Rating: 5.0 (34 reviews)

Question

-In the above figure, if the market produces the efficient amount of purses then producer surplus equals triangle
A) abc. 
B) bcd. 
C) adc. 
D) dce.

Quizplus · Accepted Answer

Producer surplus is the area above the supply curve and below the price level up to the quantity produced. In this case, it is represented by triangle bcd.

-In the Above Figure, If the Market Produces the Efficient