What is the economic order quantity to buy time, Operation Management

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What is the economic order quantity to buy time

Assignment:

A particular raw material is available to a company at three different prices, depending on the size of the order: The cost to place an order is $40. Annual demand is 3,000 units. The holding (or carrying) cost is 25 percent of the material price. What is the economic order quantity to buy each time?

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