Question: 3. In an EOQ model, the annual ordering cost is $500. If the calculation is correct, what would be the most likely inventory holding cost

3. In an EOQ model, the annual ordering cost is $500.

3. In an EOQ model, the annual ordering cost is $500. If the calculation is correct, what would be the most likely inventory holding cost per year? a) $500 b) $1,000 c) $1,500 D) $2,000

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