Question: Question 5: A manager has just received a revised price schedule from a vendor shown in table below: Quantity Unit Price 1 to 50 units

Question 5: A manager has just received a revised

Question 5: A manager has just received a revised price schedule from a vendor shown in table below: Quantity Unit Price 1 to 50 units $14 51 to 100 units $13 101 to 150 units $12 151 to 200 units $11 201 to 250 units $ 10.5 251 to 300 units $ 10.25 301 to 350 units $10 units What order quantity should the manager use in order to minimize total costs? Annual demand is 1200 units, ordering cost is $12, and annual carrying cost is $2 per unit. (10 points)

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