Producer Surplus Calculator
Parameter | Description | Example Value |
---|---|---|
Market Price | The actual price at which the product is sold in the market. | $50 |
Minimum Acceptable Price | The minimum price at which the producer is willing to sell the product. | $30 |
Quantity Sold | The total quantity of the product sold. | 100 units |
Producer Surplus | The total benefit producers receive from selling at a market price higher than the minimum acceptable price ((Market Price – Minimum Acceptable Price) * Quantity Sold). | $2,000 |