Question: Problem 3. (12 points) A manager has just received a revised price schedule for its main product from a vendor as seen in the table

Problem 3. (12 points) A manager has just received a revised

Problem 3. (12 points) A manager has just received a revised price schedule for its main product from a vendor as seen in the table below. What order quantity should the manager use to minimize total costs? Annual demand is 12,000 units, ordering cost is $180, and annual carrying cost is $3 per unit (regardless of the price per unit)

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