Question: A manager has just received a revised price schedule from a vendor as below. Annual Demand is 120 units, ordering cost is $8, and annual

A manager has just received a revised price schedule from a vendor as below. Annual Demand is 120 units, ordering cost is $8, and annual carrying cost is $1 per unit. What is the minimum total cost that the manager can achieve?

Quantity	Unit Price
1 to 39 units	$14
40 to 59 units	$13
60 to 89 units	$12
90 or more units	$11

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