Question: EOQ with Quantity Discounts ( 2 0 points ) . County Hospital orders syringes from a hospital supply firm. The hospital expects to use 4

EOQ with Quantity Discounts (20 points). County Hospital orders syringes from a hospital supply firm. The hospital expects to use 40,000 per year. The cost to order and have the syringes delivered is $800. The annual carrying cost is $1.90 per syringe because of security and theft. The hospital supply firm offers the following quantity discount pricing schedule. Quantity Price 0-9999 $3.4010,000-19,9993.2020,000-29,9993.0030,000-39,9992.8040,000-49,9992.6050,000+2.40 Determine the order size for the hospital that will minimize total costs. Show your work.

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