Refer to Figure 9.1.2 above. At price 0H and quantity Q1, producer surplus is the area:

A) 0ABQ₁.
B) 0EDQ₁.
C) AHB.
D) 0FGQ1.
E) none of the above

Question

Refer to Figure 9.1.2 above. At price 0H and quantity Q1, producer surplus is the area:A)  0ABQ 1 .B)  0EDQ 1 .C)  AHB.D)  0FGQ1.E)  none of the above

Andrew Parker · Accepted Answer

Final Answer : C, Explanation :  Producer surplus is the area above the supply curve and below the price level, up to the quantity sold. At price 0H and quantity Q1, this area is represented by AHB.

Refer to Figure 9.1.2 above. At price 0H and quantity Q1, producer surplus is the area:

A) 0ABQ₁.
B) 0EDQ₁.
C) AHB.
D) 0FGQ1.
E) none of the above

Definitions

Learning Objectives

Learning Objectives

Related questions

Refer to Figure 9.1.2 above. At price 0H and quantity Q1, producer surplus is the area:A) 0ABQ1.B) 0EDQ1.C) AHB.D) 0FGQ1.E) none of the above

Definitions

Learning Objectives

Learning Objectives

Related questions

Refer to Figure 9.1.2 above. At price 0H and quantity Q1, producer surplus is the area:

A) 0ABQ₁.
B) 0EDQ₁.
C) AHB.
D) 0FGQ1.
E) none of the above