Just-In-Time (JIT) inventory is best characterized by

frequent deliveries of large quantities to be held at the work centers.

less frequent deliveries of large quantities of goods to central receiving.

infrequent bulk deliveries of items directly to work centers.

frequent deliveries of smaller quantities of items to the work centers.

Assume a competitive firm faces a market price of $60, a cost curve of c = 0.003q^3 + 25q + 750, and a marginal cost of curve of: mc = 0.009q^2 + 25.the firm's profit maximizing output level (to the nearest tenth) is , and the profit (to the nearest penny) at this output level is $ will cause the market supply to (shift right/shift left). this will continue until the price is equal to the minimum average cost of $