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You are employed by Symphony International which sells gourmet chocolate assortments door-to-door. Every morning you have to purchase your inventory of assortments before selling them. However, you never know what the daily demand is going to be and any unsold boxes can be sold at a discount to a local store. To help you determine how much you should purchase in the morning, you have started to develop the following spreadsheet model which will calculate your daily profit given any initial purchase quantity and daily demand. All prices are given as per assortment. А B с D 1 2 DATA 3 4 Selling Price Purchasing Cost Discount Price 25 14 5 6 7 7 MODEL co 09 10 11 Demand Purchase Quantity 12 13 Quantity Sold Surplus Quantity 14 15 Profit 16 17 Based on this spreadsheet model, which formula should be used to determine the Surplus Quantity (cell C14)?

Sagot :

The amount of an asset or resource that is over its utilized share is referred to as surplus Quantity. Simply divide the amount the consumer was willing to pay by the actual price they paid will yield the  surplus.

surplus Quantity an excess happens when there is more of something than is required. That can appear to be a benefit to everyone at first. But in fact, whenever there is a mismatch between supply and demand, someone has to pay the price, and things don't always work out nicely. For instance, when a company has too much inventory and must reduce prices to get rid of what it cannot sell Consumers profit gladly as its profits shrink and its stakeholders suffer. A producer surplus, on the other hand, has the opposite effect, helping business while reducing consumer income.

learn more  about  surplus Quantity  here:

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