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In the data flow diagram below,a customer order must be approved before the company checks to make sure the inventory is available.
Loaves
Typically refers to units of bread shaped and baked in specific sizes and forms but does not directly correlate to a distinct economic term.
Pounds
A unit of weight in the imperial system, equal to 16 ounces or approximately 0.453592 kilograms.
Consumer Equilibrium
A state in which a consumer has allocated their income in a way that maximizes their total utility, given the prices of goods and services.
Total Utility
The total satisfaction received from consuming a particular quantity of goods and services.
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