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solve PART 1 Read the following sentences and decide if its true or false. (2 Marks) 1. In marginal analysis, short-term decisions are made for

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PART 1 Read the following sentences and decide if its "true" or "false". (2 Marks) 1. In marginal analysis, short-term decisions are made for a single inventory cycle. True False 2. Inventory management models that deal with uncertain demand are called deterministic models. True False PART 2 A pastry shop makes fresh sweet cakes. It uses special packaging material to sell each box of these cakes at a $3.5 premium during a mid-summer festival. The special material costs $2.5 for each package. However, it has to buy the special package in advance, and any unused package will have to be scrapped at $0.75 after the festival. The pastry shop knows that the probabilities for the different levels of demand are the following: A. How many of the special packages should the pastry shop order

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