Suppose the Monthly Cost for Manufacturing Bar Stools I $C ( x ) = 529 + 23 x$

question 185

Multiple Choice

Suppose the monthly cost for manufacturing bar stools i $C ( x ) = 529 + 23 x$ x, where x is the number of bar stools produced each month. Find and interpret the marginal cost for the product.

• A) $529 per bar stool; Manufacturing one additional bar stool increases the cost by $529.
• B) $529 per bar stool; Manufacturing one additional bar stool decreases the cost by $529.
• C) $23 per bar stool; Manufacturing one additional bar stool decreases the cost by $23.
• D) $23 per bar stool; Manufacturing one additional bar stool increases the cost by $23.

Analyze the impact of inventory policies on service levels and total costs.

Comprehend the difference between fixed-quantity and fixed-period inventory systems and their applications.

Apply inventory management principles to specific business cases, including ABC analysis for inventory control.

Understand and calculate safety stock levels and reorder points based on demand variability and desired service levels.

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