The Figure Above Shows the Supply Curve for Pizza and the Market

question 152

Multiple Choice

The figure above shows the supply curve for pizza and the market price of pizza.
-In the figure above,the total revenue from pizza per day is

• A) $60,000.
• B) $100,000.
• C) $40,000.
• D) $80,000.
• E) $50,000.

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Definitions:

Overtime

The extra time worked beyond the normal working hours, usually compensated at a higher pay rate.

Stockouts

Situations where demand cannot be met due to inadequate inventory, leading to missed sales opportunities and potentially dissatisfied customers.

Aggregate Planning

A methodology used by businesses to make decisions related to production, inventory levels, workforce size, and stockouts, aiming to optimize operational efficiency and meet demand.

Overtime

Additional time worked beyond the standard hours, typically compensated at a higher rate.