Question: 175 points Save Ant A. 40 A grocery store uses 600 boxes of plastic bags per month. The boxes cost $50 cach, placing an order

175 points Save Ant A. 40 A grocery store uses
175 points Save Ant A. 40 A grocery store uses 600 boxes of plastic bags per month. The boxes cost $50 cach, placing an order for plastic bags costs $16, and holding costs are $3 per box per month. Using this information, answer the following two questions What is the economic order quantity? Assume the store orders boxes in batches of 400 but no quantity discounts are given. Which of the statements among options F, G, H, I and J is true? 1. 120 3.60 C80 E 200 Monthly ordering cost is greater than monthly holding cost. 6. Monthly holding cost is greater than monthly ordering cost. K Monthly holding cost equals monthly ordering cost, All three of the options F. G and H are true. 1. All three of the options F, G and Hare false

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