A mail-order house buys gummed labels i n boxes of 8,000. The finn uses I 8,000 boxes a year. Carrying costs are 20 cents per box a year, and ordering com are $32. The following price schedule applies. Determine:

a . The optimal order quantity.

b. The number of orders per year.

Please explain and do not copy from Chegg. Otherwise i have to report the answer.

Nume of bones Price per un 1,000 to 1999 2poo to 4.99 5,000 to 9999 10000 IME $1.25 120 1.1K 1.15