(Answered) A local manufacturer uses 2000 electronic switches boxes a

Statistics

A local manufacturer uses 2,000 electronic switches boxes a year. Carrying costs are 23% of the cost of the switch per year, and ordering costs are $15 per order. The following price schedule applies. What is the optimal order quantity? Show all total costs calculations and explain your answer.

Number of Switches Price per Switch

0 - 99 $17.50

100 - 999 $17.00

1000 or more $16.50

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