Information on the Number of Shipments, How Much Was Included

question 1

Multiple Choice

Information on the number of shipments, how much was included in each shipment, the date each shipment was sent, and so on extracted from the manufacturing plant's database refers to ______.

• A) spreadsheet models
• B) data dashboards
• C) data mining
• D) data query

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Definitions:

Total Surplus

The sum of consumer surplus and producer surplus, indicating the total benefits received by both producers and consumers in a market.

Equilibrium Price

The trading value at which the supply of goods meets the consumers' demand for these goods.

Total Surplus

The sum of consumer and producer surplus, measuring the total net benefit to society from trading a good or service.

Supply

The total amount of a specific good or service that is available to consumers, typically influenced by the price level, production costs, and other factors.