Question 2 [Video-2. EOQ] Let EOQ-sqrt(2'D'Co/Cc), D=Demand, Co=Unit Ordering Cost Cc=Unit Carrying Cost How many statements are true? (A) (B) 1 (C) 2 (D) 3 (E) 4 Statement 1. If the unit carrying cost increases then EOQ increases Statement 2 For zero safety stock, at EOQ the ratio, Ca/Cc, represents the average Inventory divided by the order frequency. Statement 3. For zero safety stock, if the lot size is equal to EOQ, then the total ordering cost is equal to the total carrying cost. Statement 4. For zero safety stock, if the lot size is greater than EOQ, then the total carrying cost is greater than the total ordering cost