Once the _____________ Is Scheduled According to Its Available Capacity

question 28

Multiple Choice

Once the _____________ is scheduled according to its available capacity and the market demand it must satisfy, the____________ resources can be scheduled.

• A) non- bottleneck, bottleneck
• B) buffer, non- bottleneck
• C) bottleneck, buffer
• D) bottleneck, non- bottleneck

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Definitions:

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors.

Exports

Products or services originating from one country and sold to buyers located in a different country.

Imports

Goods and services bought by a country from other countries. Imports can include a wide range of items, from raw materials to finished goods.

Producer Surplus

Producer surplus is the difference between the amount that a producer is paid for a good and the minimum amount they would be willing to accept for that good, essentially representing the profit made by the producer.