Rather than charging a single price to all customers, a firm charges a higher price to men and a lower price to women. This .

D) is attempting to convert consumer surplus into producer surplus.

Explanation:

These are the options for the question

A) is trying to reduce its costs and therefore increase its profit.

B) is engaging in an illegal activity that is prohibited by the Sherman Antitrust Act.

C) is attempting to convert producer surplus into consumer surplus.

D) is attempting to convert consumer surplus into producer surplus.

E) Both A and C are correct.

From the question, we are told that Rather than charging a single price to all customers, a firm charges a higher price to men and a lower price to women. In this case, By engaging in the above practice, the firm is attempting to convert consumer surplus into producer surplus.

consumer surplus in finance is regarded as the difference in the amount paid by the consumer for a particular goods/service and the price they are willing to pay for the goods/services. producer surplus on the other hand is the difference between price the seller is willing to give out the goods/service and the price they can take for giving the product out at market price. Therefore as the firm charges a higher price to men and a lower price to women, they are trying to convert consumer surplus into producer surplus.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o