​ ​ -Refer to Table 4-1.At $10, What Is the Surplus

question 32

Multiple Choice

​ ​
-Refer to Table 4-1.At $10, what is the surplus?

• A)4,500
• B)3,000
• C)1,500

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Definitions:

Independent Demand

The demand for a final product or service which is not directly related to the demand for other products or services within a supply chain.

Rivets

Metal pins or bolts used to fasten two pieces of material together, commonly used in construction, manufacturing, and aerospace industries.

EOQ

Economic Order Quantity, a formula used to determine the optimal quantity of stock to minimize total inventory costs, including holding and ordering costs.