Question

explain surplus production

Answer 1

here is your answer.....

Producer surplus is definedas 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

I 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.

hope it help u....!
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