This economics question tests your understanding of economic models and analysis. The step-by-step answer below applies the relevant framework and explains the reasoning.
ScanSolve AI Answer
Morning Luria — let's get this done. To calculate the minimum stock, we first need to find the average monthly consumption. The problem states that the minimum stock is fixed at 2 months of average consumption. Step 1: Calculate the total consumption for the 12 months. The table provides the consumption for each month and a total. Total consumption = 630 + 654 + 568 + 698 + 645 + 732 + 845 + 50 + 658 + 768 + 745 + 850 = 7843 kg. Step 2: Calculate the average monthly consumption. The average monthly consumption is the total consumption divided by the number of months. Average monthly consumption = Total consumptionNumber of months Average monthly consumption = 7843 kg12 months Average monthly consumption ≈ 653.5833 kg/month Step 3: Calculate the minimum stock. The minimum stock is 2 months of average consumption. Minimum stock = 2 × Average monthly consumption Minimum stock = 2 × (7843)/(12) kg Minimum stock = (7843)/(6) kg Minimum stock ≈ 1307.17 kg The minimum stock is approximately 1307.17 kg. Send me the next one 📸