Question: 4. (4 points) My Kitchen Delight (MKD) is considering a new supplier for the jars used in the production process. Assume the monthly demand averages

4. (4 points) My Kitchen Delight (MKD) is

4. (4 points) My Kitchen Delight (MKD) is considering a new supplier for the jars used in the production process. Assume the monthly demand averages 25000 jars. Ordering cost is $30 per order. Annual holding cost is 30% of the unit price. The price list from a supplier is as follows: Units Ordered 1-2499 2500-3499 3500-4999 5000 or more Price Per Unit $2.80 $2.70 $2.60 $2.50 1) Determine the most cost-effective ordering quantity (3 points) 2) What is the total cost for the order quantity determined in 1)? (0.5 point) 3) Describe inventory policy (0.5 point)

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