For a firm, how does the concept of producer surplus differ from that of profit?

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Microeconomics Theory and Applications with Calculus

ISBN: 978-0133019933

3rd edition

Authors: Jeffrey M. Perloff

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Question Posted: Dec 29, 2017 12:54 AM

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For a firm, how does the concept of producer surplus differ from that of profit?

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Profit is the difference between a firms revenue and it...View the full answer

Microeconomics Theory and Applications with Calculus

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