1. In a basic EOQ model, if the fixed ordering cost F increases, then the optimal time between orders, i.e., optimal cycle time T, will A) Increase B) Decrease C) Unchanged Answer: 2. In a basic EOQ model, the per unit holding costh is equal to a certain percentage of the procurement cost , therefore A) for higher c the economic order quantity (EOQ) will be higher B) for higher c the economic order quantity (EOQ) will be lower C) for higher c the economic order quantity (EOQ) will remain unchanged Answer: 3. A specialty coffeehouse sells Colombian coffee at a fairly steady rate of 280 pounds annually. The beans are purchased from a local supplier for $2.40 per pound. The coffeehouse estimates that it costs $45 in paperwork and labor to place an order for the coffee, and holding costs are based on a 20 percent annual interest rate. (show your analyses and calculations) a) Determine the optimal order quantity for Colombian coffee