Question: When a firm orders the optimal order quantity as determined by the basic EOQ model its Multiple Choice Annual ordering cost will be lower than

When a firm orders the optimal order quantity as determined by the basic EOQ model its
Multiple Choice
Annual ordering cost will be lower than their annual carrying cost.
Annual ordering cost and annual carrying cost will be approximately the same.
Annual ordering cost will be larger than their annual carrying cost.
Annual ordering costs will be at least twice as large as their annual carrying cost.

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