--%>
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 : Describe Licensing Agreements Licensing

    Licensing Agreements: It is the written contract under which the owner of a copyright, recognize how, patent, service mark, trademark, or another intellectual property, permits a licensee to employ, make, or sell copies of the original. These agreemen

    		•
  • Q : Types | Channels of Communication -

    Communication in an organization carries innumerable kinds of messages which may be difficult to map out; but it may be possible to classify communications in regard to how to transmit. Or who communicates to whom, or what kinds of relationships communication develop. Thus, communication may be g

    		•
  • Q : Description of biotic potential Give a

    Give a brief description of the term biotic potential?

    		•
  • Q : Swallowing the food through the

    Specify the type of muscle tissue that helps in order to push the food down through oesophagus?

    		•
  • Q : Unwanted telemarketing Describe

    Describe unwanted telemarketing is a crime or not.

    		•
  • Q : Illustrate Enzymatic action is

    Why can it be stated that the enzymatic action is extremely specific?

    		•
  • Q : Facsimile Communication - Organization

    Also known as the fax machine is very useful for transmitting visual material such as diagrams, illustrations, photographs or copies of artwork visuals. All that we need for it is the fax machine with a connected telephone. As the document to be transmitted is fed through the machine, it is elect

    		•
  • Q : Wastes of Natural Resources The topic

    The topic is about NATURAL RESOURCES  - below are all three questions which needs to be answered. lenght 800-900 words.  1. Describe a few ways people in the United States wastes Natural Resources.  2. Assuming this wastefulness in the U.S continues, ev

    		•
  • Q : Symptoms of the myxoedema Briefly state

    Briefly state all the symptoms of the myxoedema?

    		•
  • Q : Organic reactions in which water is

    Water has main participation in organic reactions. What are the illustrations of two kinds of organic reactions in which water is correspondingly incorporated or discharged in the products of such reactions?

    		•