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If the order size was 1,000 kilograms of resin, what would be the average inventory level?
Coupons
Vouchers or codes that offer a discount on the purchase price of goods or services, usually issued by manufacturers or retailers to stimulate demand.
Two-part Tariff
A pricing strategy that involves a fixed charge plus a variable usage rate.
Marginal Profit
The increase in profit that results from selling one additional unit of a product.
Perfect Price Discrimination
A pricing strategy where a seller charges the maximum possible price for each unit consumed that buyers are willing to pay, capturing the entire consumer surplus.
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