Multiple Choice
2L1S Company orders 250 units at a time and places 15 orders per year.Total ordering cost is $1,100,and total carrying cost is $1,750.What is the economic order quantity?
A) The economic order quantity (EOQ) is 250.
B) The economic order quantity (EOQ) is more than 250.
C) The economic order quantity (EOQ) is less than 250.
D) The economic order quantity (EOQ) is 15.
Correct Answer:
Verified
Correct Answer:
Verified
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