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Allocated Stock and Safety Stock
A category of stock which ensures that current stock is set aside and not issued under the normal procedure.
A category of stock which ensures that the supply of an item is always greater than demand. Safety stock is held if supply is uncertain, possibly in anticipation of a sudden increase in demand or in order to reduce supply time of a long LT item.
Indifference Curves: Every consumption-leisure point, (l; c), in the diagram is associated with a unique level of utility. The line II represents the individuals indifference curv
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illustrate and discuss the implications of various market structures (competitive and non competitive) for price determination
U+v, UV, u/v
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1) Describe (with an example) how trading can lead to an increase in world output if countries specialize in the good in which they have a comparative advantage. How does the intr
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