Question: 20 e 5: Question 3 (4 points) Product X has a demand of 18 units per week (i.e., demand is constant) and the shop that

20 e 5: Question 3 (4 points) Product X has a
20 e 5: Question 3 (4 points) Product X has a demand of 18 units per week (i.e., demand is constant) and the shop that sells product X is open for business 52 weeks per year. The ordering cost is $45 per order. Holding cost is $15 per unit per year. Calculate the economic order quantity (EOQ) using the fixed-order quantity model. Hint: first calculate the annual demand of product X before calculating the EOQ. (Select the appropriate range in which your answer falls.) 22 23 25 More than 0 but less than or equal to 60 More than 60 but less than or equal to 100 ge 6: 27 28 More than 100 but less than or equal to 140 More than 140 but less than or equal to 200 More than 200 9 30 Nunction 4 14 noints

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