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Write brief notes on Producer's surplus

      

Write brief notes on Producer's surplus

  

Answers


Wilfred
Is the difference between the total amount producers receive for any given
quantity of a product and the minimum amount they would have been willing to accept for that quantity.
It can also be defined as the gain to producers arising from the difference between the price they actually
receive (market price) and the price they were willing to accept instead of going without selling any of the
products (expected price).
It?s measured diagrammatically by the area above the supply (marginal cost) curve but below the price at which that quantity is sold.

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Wilfykil answered the question on February 7, 2019 at 11:00


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