Question: Assume that, in a basic EOQ model, the optimal order quantity is 60 units and the total cost associated with the basic EOQ (i.e.G(Q)) is

Assume that, in a basic EOQ model, the optimal order quantity is 60 units and the total cost associated with the basic EOQ (i.e.G(Q)) is $4,200. What is the total cost if an order quantity of 48 units is selected?

A $4,070

B $4,130

C $4,133

D $4,200

E $4,305

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