Question: Based on the information in Problem 2 and 2 a , which of the following statements are accurate regarding the relationship between the EOQ model

Based on the information in Problem 2 and 2a, which of the following statements are accurate regarding the relationship between the EOQ model and the production lot size model? Select all answers that are true.
Group of answer choices
The production lot size (EPQ) is never larger than the economic order quantity, given the same annual demand, setup or order costs, and holding costs.
The production lot size (EPQ) is always larger than the economic order quantity, given the same annual demand, setup or order costs, and holding costs.
As the production rate increases, the recommended production lot size decreases.
As the production rate increases, the recommended production lot size increases.
Answer the next questions, Problem 2 parts a and b. Attach your Excel file in Problem 2c.
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Question 510 pts
Problem 2a. Based on the information in Problem 2, compute the minimum cost production lot size for each of the following production rates. Express your answer as a whole number using standard rounding rules.
Annual Production Rate(units/year)
EPQ8,000 units15,000 units50,000 units100,000 units
What is the EOQ, given the same parameters? Express your answer as a whole number using standard rounding rules.
EOQ = units

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