If You Increase Your Consumption of Pop by One Additional

question 99

Multiple Choice

If you increase your consumption of pop by one additional can a week,your marginal benefit from this last can is $1.00.For you,the ________ this last can of pop is $1.00

• A)price of
• B)marginal cost of
• C)value from
• D)consumer surplus from
• E)producer surplus

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Definitions:

Demand Volatility

The degree to which demand for a product or service can fluctuate unpredictably over a certain period, affecting supply chain and inventory management strategies.

Safety Inventory

Inventory kept as a buffer against forecasted demand and supply variability to prevent stockouts.

Forecasted Demand

The estimated amount of product or service that will be bought by customers in a future period, often used for planning in business operations.

Postponement

A supply chain strategy that delays the final production or distribution of a product until customer orders are received to minimize inventory and forecast error costs.