The amount of revenues that sellers actually receive over and above the minimum acceptable amount that they are willing to receive for selling a product is called:

Question

Quizplus · Accepted Answer

Producer surplus is the difference between the amount that producers receive for selling a good or service and the minimum amount that they would be willing to receive for that same good or service. This concept is important to understand as it demonstrates the value that producers place on their products, which can help to inform pricing and supply decisions.

The Amount of Revenues That Sellers Actually Receive Over and Above