Use the following to answer question 84:
-(Figure: Producer Surplus and Supply)Look at the figure Producer Surplus and Supply.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

Use the following to answer question 84: 
-(Figure: Producer Surplus and Supply)Look at the figure Producer Surplus and Supply.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 question specifically mentions "producer surplus" as the term to be identified, and the figure shows the area labeled ABD as the producer surplus area. Therefore, the correct answer is D, "producer surplus; ABD."

Use the Following to Answer Question 84