Producer surplus is:
the same as profit.
usually captured by the resource owners.
usually captured by the consumers.
usually captured by the
Which of the following contains an
example of producer surplus?
Anna would be willing to pay $100 for
a ticket to a concert but is able to get it for only
At a price of $100, producers would be
willing to produce 5000 widgets but buyers would only
be willing to purchase 2000.
Carla would be willing to work as an
extra in a movie without pay but she gets paid
A maker of widgets thought he needed
four people to produce 500 widgets, but when he hired
four people, they produced 800 widgets.