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What is Producer Surplus
Producer Surplus is a term of economic theory, which indicates the difference between the market price of the product and the amount for which the producer should at least be willing to produce.

Producer Surplus is a term of economic theory, which indicates the difference between the market price of the product and the amount for which the producer should at least be willing to produce.

Producer surplus in practice: Producer surplus is a benefit that the producer earns above his marginal costs. For example, if producer’s marginal costs of the first piece are 10 USD, of the second piece 20 USD and of the third piece 30 USD, and the market price is 30 USD (i.e. for each piece he gets 30 USD), then the producer surplus will be 30 USD (30-10 + 30-20 + 30-30).

Producer Surplus Graph

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Last update: 01.11.2016

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