Producer surplus is the additional benefit or profit that a producer receives from selling a good or service, above and beyond the cost of producing it. It is calculated by subtracting the total cost of production from the total revenue generated.
A. price of; marginal cost
B. price of; fixed cost
C. total revenue from; total cost
D. marginal benefit from; variable cost
Producer surplus is the additional benefit or profit that a producer receives from selling a good or service, above and beyond the cost of producing it, summed over the quantity.