11.) Using the EOQ model, as higher or larger an item's inventory carrying (holding) cost per unit per year becomes while all other variable values remain the same, the number of orders placed per year will decrease. True or False

12.) Using the EOQ model, the demand is 30,000 units per year and the economic order quantity is 500 units. The cost to place an order is $100. The number of annual orders placed is 60. How long is the order cycle?

13.) Julie runs a dress manufacturing plant. One of her clients would like her to provide dresses at a price of $6 per unit. The cost to place an order, annual cost of carrying inventory, and annual demand are $70, 20% of the unit price, and 5,000 units, respectively. What is the economic order quantity?