Question: A restaurant has received a quantity discount schedule from its rice supplier. Pounds per Order 1-299 Price per Pound $0.60 $0.50 $0.40 300-499 500 or

A restaurant has received a quantity discount

A restaurant has received a quantity discount schedule from its rice supplier. Pounds per Order 1-299 Price per Pound $0.60 $0.50 $0.40 300-499 500 or more 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? A. {310, 346} B. {283, 310, 500} C. {310, 500} D. {283, 310} E. {283, 310, 346}

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