Question $3$

$0\mathrm{.}95$ pts

In $\text{'}$an economic order quantity problem, the total annual cost curve is at its maximum where the holding costs equal the setup costs.

True

False

Question $4$

$0\mathrm{.}95$ pts

A product whose EOQ is $40$ experiences a decrease in holding cost from $$16$ per unit annually to $$1.$ The revised EOQ is

sixteen times as large

four times as large

one$-$fourth as large

one$-$sixteen as large

can not be determined

Question $5$

$0\mathrm{.}95$ pts

Demand for dishwasher water pumps is $500$ annually and the lead time is six days. The store opens $200$ days a year. What should the reorder point be$?($Just fill out a number, e$.$g$.,3)$