The amount Jacqueline receives for selling cupcakes beyond the minimum she would be willing to sell the cupcakes for is called

Question

Quizplus · Accepted Answer

Producer surplus is the difference between the amount a producer is paid for a good and the minimum amount they would be willing to accept for that good. In this case, the extra amount Jacqueline receives for selling cupcakes beyond her minimum acceptable price represents her producer surplus.

The Amount Jacqueline Receives for Selling Cupcakes Beyond the Minimum