Question: A restaurant has received a quantity discount schedule from its rice supplier. Pounds per Order 1-299 300-599 600 or more Price per Pound $0.60 $0.50

A restaurant has received a quantity discount

A restaurant has received a quantity discount schedule from its rice supplier. Pounds per Order 1-299 300-599 600 or more Price per Pound $0.60 $0.50 $0.40 The restaurant consumes 4,000 pounds of rice per year. The setup cost is $1.20 per order, and the holding cost percentage is estimated to be 20%. Assume that rice is nonperishable. What are the possible optimal order quantities? O A. (283, 310, 346} O B. {310, 346} O c. {310, 600} OD. {283, 310, 600} O E. (283, 310}

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