Figure 8-2 the Vertical Distance Between Points a and B Represents a Represents

question 160

Multiple Choice

Figure 8-2
The vertical distance between points A and B represents a tax in the market.
-Refer to Figure 8-2.The loss of consumer surplus as a result of the tax is

• A)$1.50.
• B)$3.
• C)$4.50.
• D)$6.

Grasp the importance of aligning logistics and supply chain metrics with corporate strategy for achieving service quality, efficiency, or low-cost objectives.

Understand financial metrics and calculations relevant to supply chain and logistics, such as Gross Margin, Strategic Profit Model (SPM), and Earnings Before Interest and Taxes (EBIT).

Distinguish between metric, measure, and index, and understand the concept of order cycle time (OCT) and its implications.

Appreciate the importance of involving customers and suppliers in the development of metrics.

---

Definitions:

Income

The amount of money received over a period of time, either as payment for work, goods, or services, or as profit on investment.

Optimal Consumption Bundle

The combination of goods and services that maximizes a consumer's utility for a given level of income and prices.

E-Books

Electronic versions of printed books which can be read on a computer or a specifically designed handheld device.

Sports Tickets

Tickets purchased for the purpose of attending sporting events.