Question: In the basic EOQ model, if total annual demand = 6000 units per year, ordering cost per order = $100, and holding cost = $5

In the basic EOQ model, if total annual demand = 6000

In the basic EOQ model, if total annual demand = 6000 units per year, ordering cost per order = $100, and holding cost = $5 per unit per month, what is the average inventory level on hand? a. 12 units b. 245 units c. 50 units d. 70.5 units e. 300 units

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