Consider the Estimated Aggregate Demand for a Company's Ski Product

question 74

Multiple Choice

Consider the estimated aggregate demand for a company's ski product line for the upcoming year in the following table.Calculate the average inventory for the month of February under a level production strategy.Assume the beginning inventory for January is 8,000 units. $$\begin{array} { | c | c | c | c | } \hline \text { Month } & \begin{array} { c } \text { Demand } \\\text { (in pairs } \\\text { of unit) }\end{array} & \text { Month } & \begin{array} { c } \text { Demand } \\\text { (in pairs } \\\text { of units) }\end{array} \\\hline \text { J an } & 8,000 & \text { J uly } & 1,000 \\\hline \text { Feb } & 7,000 & \text { Aug } & 1,300 \\\hline \text { Mar } & 5,000 & \text { Sept } & 2,000 \\\hline \text { Apr } & 4,000 & \text { Oct } & 3,000 \\\hline \text { May } & 2,000 & \text { Nov } & 5,700 \\\hline \text { J une } & 2,000 & \text { Dec } & 7,000 \\\hline\end{array}$$

• A)3,000
• B)2,200
• C)1,800
• D)2,500

---

Definitions:

Economic Growth

The advance in the actual value, adjusted for price level changes, of goods and services produced in an economy over successive periods.

George Washington

The first President of the United States, serving from 1789 to 1797, and is known as one of the Founding Fathers who led the country to victory in the American Revolutionary War.

Southern Agriculture

The agricultural practices and economy specific to the southern regions, traditionally focused on crops like cotton.

Civil War

An intense conflict between factions, regions, or political groups within the same country, often characterized by significant violence and lasting social and economic impact.