Question: A reduction in the ordering cost (per order) will increase the optimal order quantity in the basic EOQ model. True False Question 22 (1 point)

A reduction in the ordering cost (per order) will increase the optimal order quantity in the basic EOQ model. True False Question 22 (1 point) A furniture wholesaler has historically placed orders for 115 chairs per order over the past few years. If we assume this is the optimal quantity for each order that the wholesaler is placing, what is their annual demand if the ordering cost is $14 per order and the holding cost per unit over the course of the year is $11? Note: 1- Do not round any intermediate numbers. 2- Round your final answer to the nearest integer. Your

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