Joe Biden became a U. S. senator in 1973 when senators were paid $42,500 per year. His last full year in the senate was 2008 when he was paid $169,300. The CPI values for every year since 1913 can be found here at the Minneapolis Fed website. What was the salary for 1973 equivalent to in 2008 dollars if you adjusted for inflation using the CPI

Haley photocopying purchases a paper from an out-of-state vendor. average weekly demand for paper is 150 cartons per week for which haley pays $15 per carton. in bound shipments from the vendor average 1000 cartoons with an average lead time of 3 weeks. haley operates 52 weeks per year; it carries a 4-week supply of inventory as safety stock and no anticipation inventory. the vendor has recently announced that they will be building a faculty near haley photocopying that will reduce lead time to one week. further, they will be able to reduce shipments to 200 cartons. haley believes that they will be able to reduce safety stock to a 1-week supply. what impact will these changes make to haley’s average inventory level and its average aggregated inventory value?