Question: 36. In an EOQ model, the optimum order quantity currently is 600 for a setup cost of $16. After some process improvement, the setup cost

36. In an EOQ model, the optimum order quantity currently is 600 for a setup cost of $16. After some process improvement, the setup cost was reduced to $4. The resultant EOQ is: a. 300 b. 150 c. 600 d. 1200

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