(Figure: Producer Surplus and Supply of Water Coolers) Consider the figure Producer Surplus and Supply of Water Coolers. 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 of Water Coolers) Consider the figure Producer Surplus and Supply of Water Coolers. 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 called producer surplus, which is depicted by area ABD if the amount sold is E. Therefore, D is the correct choice.

(Figure: Producer Surplus and Supply of Water Coolers) Consider the Figure