When Production Moves from the Efficient Quantity to a Point

question 287

Multiple Choice

When production moves from the efficient quantity to a point of overproduction,

• A) consumer surplus definitely increases.
• B) the sum of producer surplus and consumer surplus increases.
• C) there is a deadweight loss.
• D) consumers definitely lose and producers definitely gain.
• E) consumers definitely gain and producers definitely lose.

Recognize the phases of the consumer buying process.

Evaluate personal opportunity costs in consumer purchases.

Know the legal resources available to consumers including small claims court and class-action suits.

Differentiate between mediation, arbitration, and other conflict resolution methods.

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Definitions:

Diaphragms

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Gay Gene

A hypothesized genetic factor that supposedly influences an individual's sexual orientation, specifically towards homosexuality. However, sexual orientation is understood to be influenced by a complex interplay of genetic, hormonal, and environmental factors.

Sexual Orientation

An inherent or immutable enduring emotional, romantic, or sexual attraction to other people, which can be towards the same sex, opposite sex, or both.

Sexualization

The act or process of assigning a sexual character or quality to a person, group, or thing, often in an inappropriate or excessive manner.