(answered) – 1) Addendum to Ch. 3, #3: Is it possible to live with less orDescriptionSolution downloadThe Question1) Addendum to Ch. 3, #3: Is it possible to live with less or even without any food slack? What are the consequences?1.2) Why does uncertainty increase over longer forecast horizons?1.3) Why is the recency effect a problem for supply chain management?1.4) How do price increases cause a hockey stick effect, and how can it be remedied???????????????????????????????????????????????Addendum to Ch. 31Addendum to Ch. 3NameCourseTutorDateIs it possible to live with less or even without any food slack? What are the consequences?Yes, it?s possible to live without any…