Question 4 pes
Situation: The cost of corn used as feed for livestock decreases.
In the Market for Ground Beef, we would expect [Select ]
<
to
shift [Select ]
According to your graph (not your intuition), the price should
[ Select]
& quantity should [Select ]
in
the new equilibrium.

Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?