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QUESTIONS Please select all t l_l Producer surp C] Producer surp C] Producer surp C] Producer surp l_l Producer surp C] Producer surp C] Producer
QUESTIONS Please select all t l_l Producer surp C] Producer surp C] Producer surp C] Producer surp l_l Producer surp C] Producer surp C] Producer surp C] Producer surp "lat are true regarding producer surplus: us is sum of all PQ combinations where willingness to pay exceeds market price on the demand side in the input market us is an economic prot (rent) since it represents an incentive above the minimum to transact (exchange) us is over the supply curve in the output market us is sum of all PQ combinations where willingness to pay exceeds market price on the supply side in the output market us is sum of all PQ combinations where willingness to pay less than market price on the demand side in the output market us is sum of all PQ combinations where willingness to accept exceeds market price in the output market us is sum of all PQ combinations where willingness to accept less than market price on the supply side (output market) us is under the supply curve in the output market
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