Question: Problem 4. [15 points) Apply the EOQ model to all-units quantity discount situation shown in the following table: Order size 0-49 50-99 100-149 150 or

Problem 4. [15 points) Apply the EOQ model to all-units quantity discount situation shown in the following table: Order size 0-49 50-99 100-149 150 or more Discount 0% 2% 4% 6% Assume price is $10 now, annual demand is 500 units, ordering cost is $40, and the annual inventory holding cost is 10 percent. What order quantity do you recommend? (Please round your answer to a whole number)

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