Question: Please show the steps for solving this problem Emery Pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature

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Emery Pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. Emery uses 825 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $47 per order. The cost schedules of two suppliers are as follows: This exercise contains only parts a,b, and c. a) What is the economic order quantity for each supplier? For Vendor 1 at $17.00 /pound, the economic order quantity is units (round your response to the nearest whole number). For Vendor 2 at $17.10 /pound, the economic order quantity is units (round your response to the nearest whole number). b) What quantity should be ordered and which supplier should be used? Therefore the best option is to place the order with for an order size of units. c) The total cost for the most economic order size is $ (round your response to the nearest whole number)

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