--%>
Assignment Help - homework help

Difference between economic profit and producer surplus

Describe difference between economic profit and producer surplus?

Whereas economic profit is the difference among total revenue and total cost, producer surplus is the difference among total revenue & total variable cost.The difference among economic profit and producer surplus is the fixed cost of production.

 

   Related Questions in Biology

  • Q : Genotypes of black oak tree Based on

    Based on the data below, which of these tree genotypes of black oak (Quercus velutina) appeared to be most capable of avoiding dehydration? Which appeared to be most capable of tolerating dehydration? And which displayed the most phenotypic plasticity in response to d

    		•
  • Q : Implement SAP Why do you generally

    Why do you generally prefer to implement SAP?

    		•
  • Q : Disease by deficiency of vitamin D What

    What is the disease which is caused by the deficiency of the vitamin D? Which tissue it affect more?

    		•
  • Q : ATP molecules-glucose

    How many number of ATP molecules are generated for each glucose molecule employed in fermentation? How many number of ATP molecules are generated for each glucose molecule employed in aerobic respiration?

    		•
  • Q : Vitamin C-containing foods Why the

    Why the cooking of vitamin C-containing foods isn't suitable for vitamin C supply?

    		•
  • Q : Importance of Motivation -

    The importance of motivation arises from its effects on organizational functions: 1)     Motivation sets in motion the action of people: in every organization there are physical, financial and human resources. The utilization of physic

    		•
  • Q : Define the term Geometrical Isomerism

    Define the term Geometrical Isomerism.

    		•
  • Q : International Arena - Organizational

    A final major reason for the emerging challenge of diversity is that more and more organizations are entering into international arena. A natural by-product of going international is increased diversity, in this case cultural diversity. Of domestic organizations have and promote diversity then, a

    		•
  • Q : Digestive functions of liver State

    State digestive functions of liver?

    		•
  • Q : Contract sales company State what is a

    State what is a contract sales company?

    		•