Question

what is surplus production?
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Answer 1

Explanation:

SURPLUS PRODUCTION REFER TO THE AMOUNT OF PRODUCTION DONE BY ANY ORGANIZATION IN A LARGE AMOUNT MORE THAN THAT OF REQUIRED :)

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. ... As the price increases, the incentive for producing more goods increases, thereby increasing the producer surplus.

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