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A firm makes numerous models of mowers, garden tractors, and gasoline powered utility vehicles. Some assemblies and parts are common to many end items. To relieve the MPS of performing order releases on these common parts, the firm might choose to use the __________ technique.
Supply Shift
A movement of the supply curve to the left or right, indicating a change in the quantity supplied at each price, usually in response to a change in determinants other than price.
Total Surplus
The sum of consumer and producer surplus, representing the total net benefit to society from the production and consumption of goods or services.
Consumer Surplus
The discrepancy between the total price consumers are ready to pay for a good or service and what they actually pay for it.
Producer Surplus
The disparity between the price at which sellers are prepared to offer a product and the actual selling price they get.
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