[单选]If Gina sells a shirt for $40, and her producer surplus from the sale is $32, her cost must have been
A. $72.
B. $32.
C. $8.
D. We would have to know the consumer surplus in order to make this determination.
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[单选] If the supply curve is S, the demand curve is D, and the equilibrium price is $100, what is the producer surplus?BIAOGE
A. $625
B. $1,250
C. $2,500
D. $5,000
[单选] If the demand curve is D and the supply curve shifts from S’ to S, what is the change in producer surplus?BIAOGE
A. Producer surplus increases by $625.
B. Producer surplus increases by $1,875.
C. Producer surplus decreases by $625.
D. Producer surplus decreases by $1,875.
[单选]Producer surplus directly measures
A. the well-being of society as a whole.
B. the well-being of buyers and sellers.
C. the well-being of sellers.
D. sellers’ willingness to sell.
[单选]Which of the following events would increase producer surplus?
A. Sellers' costs stay the same and the price of the good increases.
B. Sellers' costs increase and the price of the good stays the same.
C. Sellers' costs increase and the price of the good decreases.
D. All of the above are correct.
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