DISCOUNT PROBLEM: A supplier is willing to give you a pricediscount if you bought in bulk as shown below. Assume a monthlydemand of 500 units of the product. The cost to place an order is$50 per order, and it costs 25% of unit price to hold the productin inventory for one year. a.) What is the valid EOQ corresponding to the volume range of150-349 units of the product? b.) What is the optimal EOQ (corresponding to the least totalcost)? c.) What is the least total cost at the valid EOQ? Attached
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