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Exhibit 3.5 The Following Questions Are Based on This Problem and Accompanying

question 58

Multiple Choice

Exhibit 3.5
The following questions are based on this problem and accompanying Excel windows.
A company is planning production for the next 4 quarters. They want to minimize the cost of production. The production cost is stable but demand and production capacity vary from quarter to quarter. The maximum amount of inventory which can be held is 12,000 units and management wants to keep at least 3,000 units on hand. Quarterly inventory holding cost is 3% of the cost of production. The company estimates the number of units carried in inventory each month by averaging the beginning and ending inventory for each month. There are currently 5,000 units in inventory. The company wants to produce at no less than one half of its maximum capacity in any quarter.
-Refer to Exhibit 3.5. Which cells are changing cells in the accompanying Excel spreadsheet?

Definitions:

Left Lung

One of the two lungs in the human body, smaller than the right lung and divided into two lobes.

Right Lung

The lung located on the right side of the thorax, larger and shorter than the left, divided into three lobes (upper, middle, and lower).

Feline Lungs

The respiratory organs in cats, consisting of two lobes on the left and three on the right, responsible for gas exchange.

Human Lungs

A pair of respiratory organs located in the thorax, responsible for gas exchange between the air and the blood.