Theory #1: Earhart ran out of fuel, crashed and perished in the Pacific Ocean. This is one of the most generally accepted versions of the famous aviatorâs disappearance. Many experts believe Earhart and navigator Fred Noonan got slightly off course en route to a refueling stop at Howland Island in the Pacific Ocean. Earhart radioed U.S. Coast Guard ships stationed in the area, reporting that neither she nor Noonan could spot the tiny island where they were supposed to land.
DEFINITION of 'Producer Surplus'. An economic measure of the difference between the amount that a producer of a good receives and the minimum amount that he or she would be willing to accept for the good. The difference, or surplus amount, is the benefit that the producer receives for selling the good in the market.
Sign up to access the rest of the document. 1  Winter '09. 2  HermBaine. 3  Microeconomics, Consumer Surplus, Producer Surplus, Supply And Demand, producer, Economics terminology.