When Demand Is Steady, Cycle Inventory and Lot Size Are $\times$

question 43

Multiple Choice

When demand is steady, cycle inventory and lot size are related as

• A) Cycle Inventory = Lot Size \(\times\) 2.
• B) Cycle Inventory = Q\(\times\)2.
• C) Cycle Inventory = Q/2.
• D) Cycle Inventory = Lot Size = Q.

---

Definitions:

Dairy Farmers

Individuals or businesses involved in the production of milk and possibly other dairy products from animals such as cows or goats.

Milk Production

The process of producing milk, mainly from dairy cows, for human consumption.

Price Elasticity

Quantifying the relationship between price changes and demand response for a product.

Total Expenditures

The sum amount of spending on goods and services by individuals, businesses, or the government within a specific period.