Question: Fill in the blank. If demand forecasting could be done with perfect accuracy, then the only inventory that would be needed would be ______. Group

Fill in the blank. If demand forecasting could be done with perfect accuracy, then the only inventory that would be needed would be ______. Group of answer choices Safety inventory Cycle inventory None of the above Seasonal inventory

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=+ c. Now suppose that Congress, concerned about the welfare of the working class, passes a law

=+requiring fi rms to pay workers a real wage of one unit of output. How does this wage compare to the equilibrium wage?

=+ d. Congress cannot dictate how many workers fi rms hire at the mandated wage. Given this fact, what are the effects of this law?