Question: Which of the following statements about the basic EOQ model is true? Group of answer choices as holding costs increase, EOQ increases as holding costs

Which of the following statements about the basic EOQ model is true?

Group of answer choices

as holding costs increase, EOQ increases

as holding costs increase, more orders will be placed to offset the decrease in EOQ

as ordering costs increase, EOQ decreases

EOQ increases as daily production increases

all of the statements are false

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