Question: i) In an inventory problem, the order quantity is equal to 500. Annual holding cost of $6 per unit. The average inventory is equal to

i) In an inventory problem, the order quantity is equal to 500. Annual holding cost of $6 per unit. The average inventory is equal to .....

a) 500

b) 1,500

c) 3,000

d) 250

ii) In an inventory problem, EOQ is equal to 500. Annual holding cost of $6 per unit. The optimal holding cost is equal to .....

a) 500

b) 250

c) 3,000

d) 1,500

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