Question: Consider the basic EOQ model. If annual demand doubles, what happens to the total annual cost (setup cost + holding cost)? Select one: A. It

Consider the basic EOQ model. If annual demand doubles, what happens to the total annual cost (setup cost + holding cost)? Select one: A. It quadruples (increases by 400%). B. It increases by 41.42% C. It doubles. D. It remains the same. O E. The impact depends upon the value of the setup cost

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