If the price is greater than the marginal cost of producing a good, the seller hasO A) a loss.B)some producer surplus from the sale.C) no benefit from the sale.D) some negative consumer surplus from the sale.

Supply curve shows positive relationship between price and quantity supplied by suppliers. Its…

Answered: If the price is greater than the…

If the price is greater than the marginal cost of produci O A) a loss. B) some producer surplus from the sale. C) no benefit from the sale. D) some negative consumer surplus from the sale.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Consumers, Producers, And The Efficiency Of Markets

Section: Chapter Questions

Problem 6CQQ

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If the price is greater than the marginal cost of producing a good, the seller has
O A) a loss.
B)
some producer surplus from the sale.
C) no benefit from the sale.
D) some negative consumer surplus from the sale.

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