In Figure 5

question 48

Multiple Choice

In Figure 5.8, if the supply curve moves from S3 to S5

• A)The firm will make a smaller economic profit than they used to
• B)The firm will go from making an economic profit to a normal profit
• C)The firm will go from making a normal profit to a loss but one that is not big enough to make it want to shutdown.
• D)The firm will go from making a normal profit to a loss that is big enough to make it want to shutdown.

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Definitions:

Gymnosperms

A group of seed-producing plants that includes conifers, cycads, Ginkgo, and gnetophytes, characterized by seeds that are not enclosed by a fruit.

Chitin

A large, structural polysaccharide made from chains of modified glucose and found in the exoskeletons of arthropods and in the cell walls of fungi.

Cellulose

Polysaccharide that is the major complex carbohydrate in plant cell walls.

Desiccation

The process of drying out or removing moisture from something, often causing it to become completely dry.