producer surplus
producer surplus · producer surpluses
The difference between the minimum amount a producer is willing to accept for a…The difference between the minimum amount a producer is willing to accept for a product (based on the cost of production) and the current market price.
Meaning
1 sensesThe difference between the minimum amount a producer is willing to accept for a product (based on the cost of production) and the current market price.
Forms
plural: producer surpluses| Singular | producer surplus |
|---|---|
| Plural | producer surpluses |
regular