Question: The EOQ is optimal because it a . minimizes the total inventory cost. b . minimizes the inventory ordering cost. c . minimizes the inventory

The EOQ is optimal because it
a. minimizes the total inventory cost.
b. minimizes the inventory ordering cost.
c. minimizes the inventory holding cost.
d. maximizes the on-hand inventory.
e. does none of these.
The EOQ is optimal because it a. minimizes the total inventory

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