Using the data below, find the EOQ, the total annual cost associated with the economic order quantity, and the reorder point. 
Definitions:
Technical Substitution
The process of replacing one set of inputs or technologies with another to produce the same amount of output, often for efficiency improvements.
Isoquant
A curve representing all combinations of inputs that produce the same level of output in the production process, analogous to an indifference curve in consumption.
Inputs
Resources used in the production process to create goods and services, including labor, materials, and capital.
Total Output
The total quantity of goods or services produced by a firm or economy over a specific period.
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