Question: Which of the following statements about the basic EOQ model is TRUE. (YOU MUST PROVE YOUR ANSWER.) (Please show in mathematical form) a. If the

Which of the following statements about the basic EOQ model is TRUE. (YOU MUST PROVE YOUR ANSWER.) (Please show in mathematical form) a. If the ordering cost were to double, the EOQ would rise.

b. If annual demand were to double, the EOQ would increase.

c. If the carrying cost were to increase, the EOQ would fall.

d. If annual demand were to double, the number of orders per year would increase. e. All these statements are true.

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