Question: A manager has just received a revised price schedule from a vendor. What order quantity should the manager use in order to minimize total costs?

A manager has just received a revised price schedule from a vendor. What order quantity should the manager use in order to minimize total costs? Annual demand is 120 units, ordering cost is $10, and annual carrying cost is $1 per unit. Quantity Unit Price 1-59 $15 60-99 $14 100 or more $13

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