The following table presents the demand schedule for product Z: 
If the price of product Z increases to $15,what would be the consumer surplus?
Definitions:
Operations
Activities and tasks involved in the day-to-day running of a business for the purpose of producing value for the stakeholders.
Process Costing
An accounting method used to evaluate the cost of a production process by assigning costs to sections of the manufacturing process.
Job Order System
A method of assigning costs to specific production batches or jobs and is used in manufacturing industries where customization or unique products are produced.
Cost Of Production Report
A document that details the total cost and production quantities of a product or products over a specified period of time.
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