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Which of the following statements about the Economic Order Quantity (EOQ) model is FALSE? EOQ=H2DS, Number of Orders =EOQD D: Annual Demand, S: Unit Setup/Ordering

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Which of the following statements about the Economic Order Quantity (EOQ) model is FALSE? EOQ=H2DS, Number of Orders =EOQD D: Annual Demand, S: Unit Setup/Ordering Cost, and H: Annual Unit Holding Cost If the setup cost were to decrease, the EOQ would decrease. If annual demand were to double, the number of orders per year would also double. If the ordering cost were to increase, the EOQ would increase. If annual demand were to double, the EOQ would increase. If unit holding cost were to increase, the EOQ would decrease

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