The amount of revenue that sellers actually receive over and above the minimum acceptable amount that they are willing to receive for selling a product is called

A) production costs.
B) producers' supply.
C) producer surplus.
D) surplus production.

Producer Surplus

The difference between what producers are willing to sell a good for and the actual price they receive.

Production Costs

The total amount spent by a business to produce goods or services, including materials, labor, and overhead expenses.