momoney242 momoney242

25-03-2022
Business

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Suppose a firm receives $10 for selling one additional unit of its product but that additional unit costs the firm $1 to produce. The producer surplus for the additional unit of product is

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ewomazinoade ewomazinoade

05-04-2022

The producer surplus from selling the additional unit of the product given the selling price and the cost of production is $9.

What is producer surplus?

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product. The least price the producer should be willing to collect is equal to the cost of production

Producer surplus = price – cost of proeuction

$10 - $1 = $9

To learn more about producer surplus, please check: https://brainly.com/question/15282739

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