Question $1$: Economic Order Quantity $($EOQ$)$

The Economic Order Quantity $($EOQ$)$ can be calculated using the EOQ formula:

EOQ$=\sqrt[\phantom{2}]{\frac{2\text{D}\text{e}\text{m}\text{a}\text{n}\text{d}\text{O}\text{r}\text{d}\text{e}\text{r}\text{C}\text{o}\text{s}\text{t}}{\text{H}\text{o}\text{l}\text{d}\text{i}\text{n}\text{g}\text{C}\text{o}\text{s}\text{t}\text{P}\text{e}\text{r}\text{U}\text{n}\text{i}\text{t}}}$

Where:

Demand $=$ Annual demand for the item $(2500$ units$)$

Order Cost $=$ Cost per order $($$$18\mathrm{.}75)$

Holding Cost Per Unit $=$ Holding cost per unit $($$$1\mathrm{.}50)$

EOQ$=\sqrt[\phantom{2}]{\frac{2250018\mathrm{.}75}{1\mathrm{.}50}}$

EOQ$=\sqrt[\phantom{2}]{\frac{93750}{1\mathrm{.}50}}$

EOQ$=\sqrt[\phantom{2}]{62500}$

EOQ$=250$