1. In the basic economic order quantity (EOQ) model, if monthly demand is a constant 430 units, the order quantity is 144 (12 dozen), and the firm operates during fifty five-day weeks a year, the cycle time will be approximately:
Select one:
a. 84 working days
b. cannot be determined with the data provided.
c. 7 working days
d. 7 calendar days
2. Quantity discounts reduce the unit price. Inventory costs are always reduced by opting for a quantity discount.
Select one:
True
False