Question: Has to be solved in MATLAB (CODING) The Weighty Trash Bag Company has the following price schedule for its large trash can liners. For orders

Has to be solved in MATLAB (CODING)

The Weighty Trash Bag Company has the following price schedule for its large trash can liners. For orders of less than 500 bags, the company charges 30 cents per bag; for orders of 500 or more but fewer than 1,000 bags, it charges 28 cents per bag; and for orders of 1,000 or more, it charges 25 cents per bag. In this case, the breakpoints occur at 500 and 1,000. The discount schedule is incremental discounts. assume demand rate of 700 per year. The accounting department estimates that the fixed cost of placing an order is $10, and holding costs are based on a 25 percent annual interest rate.

1.Formulate the average annual cost function G(Q).

2.Visualize the cost function G(Q) using Matlab and identify the optimal Q value based on your eye observation.

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