Question

based from the illustration how will you define producer??

Answer 1

hey friend here is your answer

A producer of a food or material is a company or country that grows or manufactures a large amount of it.

hope it help you ^_^

Answer 2

Producer surplus is defined as the difference between the amount the producer is willing to supply goods for and the actual amount received by him when he makes the trade. Producer surplus is a measure of producer welfare. It is shown graphically as the area above the supply curve and below the equilibrium price.