Moving Production from a High-Cost Producer to a Low-Cost Producer

question 85

Multiple Choice

Moving production from a high-cost producer to a low-cost producer will

• A)lower total surplus.
• B)raise total surplus.
• C)lower producer surplus.
• D)raise producer surplus but lower consumer surplus.

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Definitions:

Hunter

A person who pursues and kills wild animals for food or sport.

Extinct Species

Species that no longer exist anywhere on Earth, often due to natural causes or human activities.

Ice Age

A period of long-term reduction in the temperature of Earth's surface and atmosphere, leading to the presence or expansion of continental and polar ice sheets and alpine glaciers.

Fluctuations

Variations or changes in level, strength, or value that occur over time.