4. From a supply chain view of production and consumption which of the following must be true (in the long run) at every stage in the chain? Multiple choice A. End consumers must value the product more than the price they pay for it B. The producer must be able to make as many products as the next step in the chain requires C. The producer must be able to acquire enough iron ore to produce the quantity of chain that customers demand D. The producer must be able to sell products for more than the cost of production

4. From a supply chain view of production and consumption which of the following must be true (in the long run) at every stage in the chain? Multiple choice A. End consumers must value the product more than the price they pay for it B. The producer must be able to make as many products as the next step in the chain requires C. The producer must be able to acquire enough iron ore to produce the quantity of chain that customers demand D. The producer must be able to sell products for more than the cost of production

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Consumers, Producers, And The Efficiency Of Markets

Section: Chapter Questions

Problem 8PA

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