Quiz 1 Consider a supply chain consisting of a heavy machinemfr., its part supplier, the dealer, and the customer. The mfr.produces customized machine and uses the dealer to sell to thecustomer. Suppose the customer’s reservation price of the machineis $300,000. The retail price is $250,000. The wholesale pricebetween the mfr. and the dealer is $200,000. The dealer’s otherretail-related cost is $20,000. To produce the machine, the mfr.spends $50,000 as the production cost and pays the supplier $40,000to buy the parts needed. The parts are not customized and thesupplier’s production cost is $10,000. Q. 1) What is the supplychain surplus and
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