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$3$

Question $13(1$ point$)$

If your company had an annual purchase cost of items equal to $$2,000,000,$ an annual holding cost of $$150,000$ and an annual ordering cost of $$750,000$ this scenario would reveal that:

Your fixed lot size was lower than the EOQ

Your fixed lot size was equal to the EOQ

Your fixed lot size was higher than the EOQ

Nothing because there is insufficient information to discern where the EOQ. would be$.$