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Given the price list below, determine the order size that will minimize the total of annual holding, ordering, and purchasing costs. Annual demand is 500

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Given the price list below, determine the order size that will minimize the total of annual holding, ordering, and purchasing costs. Annual demand is 500 units, ordering cost is $25, and holding cost is $10 per unit a year. Quantity Unit Price 1 to 20 21 to 30 31 to40 41 or more r'\\ 27 86

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