The Skillful Supply Chain Manager Declared She Would Not Only

question 38

Multiple Choice

The skillful supply chain manager declared she would not only disaggregate cycle inventory,but she would also aggregate safety inventory and use an inexpensive mode of transportation for replenishing cycle inventory and fast mode when using safety inventory for her product that had

• A)high value and high demand.
• B)high value and low demand.
• C)low value and high demand.
• D)low value and low demand.

Interpret market equilibrium from a supply and demand graph.

Analyze the changes in consumer and producer surplus due to shifts in market price.

Understand the concept and implications of market equilibrium in maximizing total surplus.

Identify the areas representing consumer and producer surplus on a graph.