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.
b
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What does making decisions "at the margin" mean?
a. that people evaluate how easily a decision can be reversed if problems arise b. that people make those decisions that do not impose a marginal cost c. that people compare the marginal costs and marginal benefits of each decision d. that people always calculate the marginal dollar costs for each decision
Dividend yield is:
a. the annual dividend payment per share. b. the annual dividend per share divided by the price of each share. c. the current stock price divided by the dividend per share. d. the year-on-year change in the annual dividend payment. e. the dollar value change in the stock price from the previous day's closing price.