Select all the TRUE statements about the EOQ model:

Select all the TRUE statements about the EOQ model:

The EOQ model works based on the average annual cost G$($Q$)$ being a convex function $($G$\text{'}\text{'}($Q$)>0)$ of Q$.$

In the basic EOQ model, EOQ solution increases with both K and

$.$

In the basic EOQ model, it is assumed that the rate of demand is constant.

In the basic EOQ model, if the fixed rate of demand doubles, the new EOQ will be twice as large.