Question: b) What is the minimized total cost (setup + holding + purchasing)? The minimized total cost = c) What is the best order quantity? The

b) What is the minimized total cost (setup +

b) What is the minimized total cost (setup + holding + purchasing)?

The minimized total cost =

c) What is the best order quantity?

The best order quantity in ounces=

A shiitake mushroom farmer offers Howchitu, an Asian fusion restaurant, all-units quantity discounts. Ounces per Order 1-299 Price per Ounce $0.60 $0.50 $0.40 300-699 700 or more The restaurant consumes 5,000 ounces of dried shiitake per year. The setup cost is $1.20 per order, and the holding cost percentage is estimated to be 20%. Assume that dried shiitake mushrooms are nonperishable

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