Question: According to the EPQ model, the larger the quantity produced from each production setup ______. the fewer production runs are needed to meet demand requirements

According to the EPQ model, the larger the quantity produced from each production setup ______.

the fewer production runs are needed to meet demand requirements and the smaller will be the total annual setup cost

the more production runs are needed to meet the demand requirements and the smaller will be the total annual setup cost

the fewer production runs are needed to meet the demand requirements and the higher will be the total annual setup cost

the more production runs are needed to meet demand requirements and the higher will be the total annual setup cost

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