The difference between producer surplus and profit is always the associated with
A) opportunity costs.
B) total costs.
C) variable costs.
D) fixed costs.

Name: The difference between producer surplus and profit is always the associated with A) opportunity costs. B) total costs. C) variable costs. D) fixed costs.
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Question

Quizplus · Accepted Answer

Producer surplus is the difference between what producers are willing to accept for a good versus what they actually receive, while profit accounts for all costs, including fixed costs.

The Difference Between Producer Surplus and Profit Is Always the Associated