In class we studied the Economic Order Quantity $($EOQ$)$ model. Which statement is correct?

Question $1$Answer

a$.$

A decrease in the inventory holding costs results in a decrease in the order quantity Q

b$.$

An increase in the fixed ordering cost results in a decrease in the order size Q

c$.$

An increase in the fixed ordering cost results in an increase in the order quantity Q

d$.$

None of above statements is correct