Question: Given the price list below, determine the order size that will minimize the total of annual holding, ordering, and purchasing costs. Annual demand is 500

Given the price list below, determine the order size that will minimize the total of annual holding, ordering, and purchasing costs. Annual demand is 500 units, ordering cost is $25, and holding cost is $10 per unit a year.

Quantity	Unit Price
1 to 20 21 to 30 31 to 40 41 or more	$180 178 175 174

		18
		50
		27
		86

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