Refer to Figure 7-9. At equilibrium, producer surplus is represented by the area

A) F.
B) F+G.
C) D+H+F.
D) D+H+F+G+I.

Question

Refer to Figure 7-9. At equilibrium, producer surplus is represented by the areaA) F.B) F+G.C) D+H+F.D) D+H+F+G+I.

Richard Corrales · Accepted Answer

Final Answer : C, Explanation :  Producer surplus is the area above the supply curve and below the equilibrium price, which is represented by the areas D, H, and F combined.

Refer to Figure 7-9. At equilibrium, producer surplus is represented by the area

A) F.
B) F+G.
C) D+H+F.
D) D+H+F+G+I.

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