Which of the following is not correct? a. the producer who requires a smaller quantity of inputs to produce a good is said to have an absolute advantage in producing that good. b. the producer who gives up less of other goods to produce good x has the smaller opportunity cost of producing good x. c. the producer who has the smaller opportunity cost of producing a good is said to have a comparative advantage in producing that good. d. the gains from specialization and trade are based not on comparative advantage but on absolute advantage.

Jimmy's delicatessen sells large tins of tom tucker's toffee. the deli uses a periodic review system, checking inventory levels every 88 days, at which time an order is placed for more tins. order lead time is 22 days. daily demand is a constant 1515 tins, so average demand during the reorder period and order lead time (1010 days) is 150150 tins. draw a sawtooth diagram. assume that the beginning inventory level is equal to the restocking level and the desired service level is 99.9%. what is the safety stock level? (hint: look at the formula for calculating restocking level.) what is the average inventory level? the safety stock level is average inventory level is __chart: time (10,20,30), tins (0,150) lines touching both axisthe safety stock level is 0 tinsthe average inventory level is 75 tins