Which of the following is an example of using data to improve product availability?
a. Walmart's use of Retail Link to share POS data with suppliers.
b. Kroger's use of loyalty cards to generate customer profiles.
c. Best Buy's use of weekly cadence calls to build a "single" consensus demand forecast.
d. All of the above
e. Only A and B
d. all of the above
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Production and exchange depend on an reliable infrastructure of
a. transportation b. communication c. sanitation d. electricity e. All of the answers are correct
Marginal damages
A. must always be considered in social marginal costs. B. must not be considered in social marginal costs. C. must sometimes be considered in social marginal costs. D. have nothing to do with social marginal costs.
Which one of the following is an example of an external cost?
A) the cost to attend college B) labor costs to a firm C) emissions from a factory D) a house payment owed by a friend
Which of the following is true about the marginal rate of substitution?
A. the change in the quantity of one good that just offsets a one unit change in the consumption of another such that the total satisfaction remains constant. B. positively related to the level of income. C. the additional satisfaction from consuming an additional unit of a good or service. D. the set of goods and services that are available to the consumer given his income.