Producer surplus flashcard sets

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producer surplus definitions
# Definition Sets
1the amount a seller is paid for a good minus the seller's cost of providing it8 sets
2the difference between the lowest price a firm would be willing to accept and the price it actually receives5 sets
3the difference between the minimum price suppliers are willing to accept and the prices they actually receive.3 sets
4the economic gain of the sellers of a product as measured by the cumulative difference between the price received and their respective reservation prices3 sets
5the difference between the actual price a producer receives and the minimum acceptable price2 sets
6the difference between the actual price a producer recieves and the minimum acceptable price2 sets
7the price the producer sells a product for less the cost of producing it2 sets
8the difference between the current market price and the full cost of production for the firm2 sets
9the amount a seller is paid minus the seller's cost2 sets
10the amount a seller is paid for a good minus the seller's cost2 sets
11the amount a seller is paid for a good minus the seller's cost of providing it.2 sets
12the difference between the current market price and the full cost of production for the firm.2 sets
13the difference between the lowest price a firm would be willing to accept and the price it actually recieves1 set
14the difference between the price a producer is willing to accept and what is actually paid.1 set
15difference between current market price and the full cost of production for a firm1 set
16difference between market price and the price that firms would be willing to supply the product. it is equal to the area below market price and above the supply curve.1 set
17the amount a seller is paid for a good minus the seller's cost of providing1 set
18difference between price and opportunity cost1 set
19price the producer sells a product for less the cost of producing it.1 set
20the money the firm gets that is in excess of its marginal costs1 set
21difference between price producers willing to supply commodity and what actually recieved from selling (market price)1 set
22difference between the amount paid for a good and the min. price the producer was willing to take for the good.1 set
23economic gain of the sellers of a product, as measured by the cumulative difference between the price receivd and their respective reservation prices1 set
24the difference between the actual price a supplier receives and the minimum acceptable price1 set
25the amount a seller is paid for a good minus the sellers cost1 set
26what sellers gain1 set
27the difference between the market price which firms recieve and the price at which they are prepared to supply1 set
28economic gain of the sellers of a product as measured by cumulative difference between the price received and their respective reservation prices.1 set
29amount a seller is paid minus the cost of production1 set
30the difference between the total earnings and the total cost required to put that quantity on the market. it is the area above the s curve, up to market price.1 set
31measure the revenue producers receive beyond the minimum required to induce them to supply the good; area above the domestic supply curve and below the price1 set
32the difference between the actual price a producer receives (or producers receive) and the minimum acceptable price1 set
33the amount a seller is paid for a good minus the seller's cost of providing it. measures the well being of sellers.1 set
34revenue producers receive over and above the min. amt required to induce them to supply the good1 set
35when producer enjoys price in excess to the cost, above supply curve and below the price line1 set
36amount a seller is paid for a good minus the seller's cost of producing it1 set
37the difference between the actual price producers recieve and the minimum acceptable price.1 set
38difference between what price a firm receives and the price they're willing to recieve1 set
39the amount a seller is paid minus the sellers costs1 set
40its the difference between the currrent market price and the full cost of production for the firm1 set