Review the Following Diagram

question 7

Short Answer

Review the following diagram. Which answer provides the best interpretation Bill of Materials class and its associations?

A. A material might not be included in any Bills of Materials.
B. The Bill of Materials determines which product should be produced.
C. Bills of Materials act as a type image class that specifies the details of the implied association between products and materials.
D. A Bill of Materials may be associated with many different products.

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Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually do pay.

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive, often due to higher market prices.

Underproduction

The situation where the production of goods or services is below an optimal level or capacity, often leading to shortages.

Nonexcludability

A characteristic of goods or services that makes it impossible to prevent people from consuming or using them, regardless of whether they have paid for them or not.