Using the EOQ model, the optimal order quantity of a product used to be 500 units. After experiencing a 60% increase in demand, the new EOQ will be Note: Suppose that nothing other than demand changed. increased by 60%. increased by more than 60%. cannot be determined unchanged. Increased by less than 60%. Jim wants to open a print shop, and is considering to purchase two identical printers, each costs $800. On average, it costs $0.15 to print a page (cost of labor, paper, energy, etc.) The average revenue for printing a page is $0.3. The service process of the print shop can be described by the following flow chart, with the process times of both printers being 2 seconds/page. Suppose that both printers operate at the utilization 5%. Printer 1 2 sec per page Printer 2 2 sec per page How many hours of operation are required for the print shop to break even? Note: 1 - Round your final answer to the nearest integer; do not round intermediate numbers 2 - Ignore any cost that is not mentioned in the question. 3 - Do not consider the time required for any operation other than printing: they have been accounted for by the given process times and utilization 4 - One hour - 60 minutes - 3600 second. 5. Hint: What is the output rate of the business process? Your