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Select all the TRUE statements about the EOQ model: For the basic EOQ model, if we order four times units as EOQ solution (4Q"), the sum of the holding and set up cost will be 2.125 times. In the basic EOQ model, EOQ solution increasing with both K and , The basic EOQ model is assumed that the rate of demand is constant. The EOQ model works based on the average annual cost G(Q) is a convex function (G"(Q)>0) of