The difference between the actual price that a firm receives

The difference between the actual price that a firm receives and the minimum acceptable price a firm is willing to accept is O The consumer surplus O Productive efficiency O Allocative efficiency O The producer surplus pr

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Ans:

The producer surplus

Producer surplus is difference between the price producers are willing to receive and the price they actually receive.In this case the actual price that a firm receives and the minimum acceptable price a firm is willing to accept is the producer surplus.

 The difference between the actual price that a firm receives and the minimum acceptable price a firm is willing to accept is O The consumer surplus O Productiv

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