The Producer Surplus calculator computes the difference between the amount received by the seller and the cost of production or acquisition to the seller.
INSTRUCTIONS: Choose units and enter the following:
- (ARS) This is the amount received by seller.
- (CTS) This is the cost to seller.
Producer Surplus (PS): The surplus is returned in U.S. dollars. However, this can be automatically converted to other currencies via the pull-down menu.
The Math / Science
The formula for Consumer Surplus
PS = VtB - APB
where:
- PS = Producer Surplus
- ARS = Amount received by Seller
- CTS = Cost to Seller
Producer Surplus is simply the difference between the cost to the seller and the amount received by the seller.
Macroeconomics Calculators
- Income Elasticity of Demand
- Cross-Price Elasticity of Demand
- Price Elasticity of Demand
- Price Elasticity of Supply
- Total Surplus
- Consumer Surplus
- Producer Surplus
- GDP Growth
- GDP Deflator
- GDP by Income
- GDP Expenditure
- Net Capital Outflow
- Net Exports and Net Capital Outflow
- Dollar Conversion from Different Times
- Unemployment Rate (Friedman and Phelps)
- National Saving
- Domestic Investment
- Unemployment Rate
- Inflation Rate in Year 2 (using CPI)
- Labor Force
- Labor-Force Participation Rate
- Net Exports
- Real Exchange Rate
- Currency Converter
- Midpoint Method for Price Elasticity of Demand
- Income Elasticity of Demand
- Simple Price Elasticity of Demand
Reference:
- Mankiw, N. Gregory. "Chapter 7:Market Efficiency." Principles of Macroeconomics. 6th ed. Mason, OH: Thomson/South-Western, 2004. 145-46. Print.
