Question: 3) Complete the following quantity discount problem: Annual demand =5000 units Fixed Order cost =$49 per order Carrying cost rate =i=20% Prices per unit, based

3) Complete the following quantity discount

3) Complete the following quantity discount problem: Annual demand =5000 units Fixed Order cost =$49 per order Carrying cost rate =i=20% Prices per unit, based on order quantities: Find the optimal ordering policy in this case, using the quantity discount approach we discussed in class. Be sure to calculate the total costs and justify your answer regarding the best EOQ for this scenario

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