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County Hospital orders syringes from a hospital supply firm. The hospital expects to use 40,000 per year. The cost to order and have the syringes

County Hospital orders syringes from a hospital supply firm. The hospital expects to use 40,000 per year. The cost to order and have the syringes delivered is $800. The annual carrying cost is $1.90 per syringe because of security and theft. The hospital supply firm offers the following quantity discount pricing schedule.

QUANTITY

PRICE

0–9,999    

$3.40

10,000–19,999

3.20 

20,000–29,999

3.00 

30,000–39,999

2.80 

40,000–49,999

2.60 

50,000+

2.40 

Determine the order size for the hospital.

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