Question $23$

Campbell Limited orders $250$ units at a time, and places $15$ orders per year. Total ordering

cost is $$1,600$ and total carrying cost is $$1,250.$ Which of the following statements is true?

The economic order quantity $($EOQ$)$ is $250.$

The economic order quantity $($EOQ$)$ is more than $250$

The economic order quantity $($EOQ$)$ is less than $250.$

Total inventory$-$related cost is lower than it would be at the economic order quantity $($EOQ$).$

None of these.