Economic Value Creation This activity is important because it reviews the concept of economic value creation when measuring competitive advantage. The goal of the activity is to learn how economic value creation helps a firm measure competitive advantage. Familiarize yourself with the text material from economic value creation before completing this exercise Complete the activities that follow, The bar chart shown here provides the following information cost to produce a pizza, price charged to the customer for the pizza, and the maximum price the consumer would be willing to pay for the pizza Match each question to its correct cost response by clicking on each question and dragging it to the correct drop space beside each cost. Consumer's maximum willingness to pay $12 How much is the producer surplus or profit? Price: $10 Perences S2 S3 How much is the economic value created? Cost to produce: $7 $5 How much is the cost to protice the productor service? $7 What is the amount of the Teservation price? $12 How much is the Ce surplus? Reset ME Pro of 16 Next >