1 Which of the following types of companies would you prefer to work for? move on to produce another idea and to create another firm, with the money being supplied all the time by venture capitalists. 3 Which of the following types of company do the words from exercises 1 and 2 refer to?
Sellerpercent27s contribution to buyerpercent27s closing costs addendum
The height of the supply curve represents the costs of the sellers. Producer surplus is the area below the price and above the supply curve, which equals the price received minus each seller's costs of producing the good. 11. In a supply-and-demand diagram, show producer and consumer surplus in the market equilibrium. 12. What is efficiency?