Question: For a given product and stocking location ( e . g . , warehouse ) and assuming a setting where demand is known and constant,

For a given product and stocking location (e.g., warehouse) and assuming a setting where demand is known and constant, a firm determines that the EOQ is 500. If the firm's average amount of inventory (for this product and in this location) is 1,000 units, we can conclude that
the firm places orders in amounts equal to half the EOQ (i.e., EOQ/2).
the firm places orders in amounts greater than the EOQ.
the firm places orders in amounts smaller than the EOQ.
the firm places orders in amounts equal to the EOQ.
the firm places order in onelanit increments.
For a given product and stocking location (e.g., warehouse) and assuming

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