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1 November, 22:10

Producer surplus A. is the minimum amount a firm must receive to engage in trade. B. represents the opportunity cost of the firm. C. is a measure of what a firm gains from trade. D. determines whether or not a firm will produce in the long run.

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  1. 1 November, 22:23
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    Answer: A) Is the minimum amount a firm must receive to engage in trade.

    Explanation: Is a concept based on the law of supply and demand, and is the conditional benefit they obtain form the sale of their products, since they are able to sell them at a higher price than they would be willing to charge. In other words, the difference between the amount that a producer receives from the sale of a good and the lowest amount that the producer is willing to accept for the product. The greater the difference between the two prices, the greater the benefit to the producer.
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