Question: In the EOQ model if we use 3 times the value of the EOQ, the total annual cost of setup and holding will increase by:

In the EOQ model if we use 3 times the value of the EOQ, the total annual cost of setup and holding will increase by:

A. 50%

B. 250%

C. 47%

D. 140%

E. 100%

Please show your calculations.

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