Question: Use the following problem statement to answer question 25. A supplier for Mayo Clinic has introduced quantity discounts to encourage larger order quantities of a

Use the following problem statement to answer question 25. A supplier for Mayo Clinic has introduced quantity discounts to encourage larger order quantities of a special catheter. The hospital estimates that its annual demand for this item is 490 units, its ordering cost is $50.06 per order, and its annual holding cost is 25 percent of the What is the EOQ at the second lowest price? 40.0063.77

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