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(Quantity Discounts) You need to purchase three types of components to make your product. You have two potential suppliers for these products, Vendor A and Vendor B. The quantities you need of each component are in the table below: Component Quantity Needed 500 1000 2500 Table 1 Each vendor offers prices for each component based upon the quantity purchased. These price schedules are displayed in Table 2. Component Vendor Quantity Ordered Unit Price Any quantity 5120 1 Any quantity $332 Vendor A Quantity Ordered Unit Price 0-250 | 5130 251-500 $115 0-600 $335 601-1000 $330 0-1000 $45 1001-2000 542 2001-2500 $40 Table 2 Any quantity 542 You need to give each supplier some business otherwise in the future you will be at the mercy of one of them and they could easily raise prices on you. Therefore, as a policy you won't give more than 60% of the total purchase volume to one supplier. Determine the minimum procurement cost for the components you need. (Quantity Discounts) You need to purchase three types of components to make your product. You have two potential suppliers for these products, Vendor A and Vendor B. The quantities you need of each component are in the table below: Component Quantity Needed 500 1000 2500 Table 1 Each vendor offers prices for each component based upon the quantity purchased. These price schedules are displayed in Table 2. Component Vendor Quantity Ordered Unit Price Any quantity 5120 1 Any quantity $332 Vendor A Quantity Ordered Unit Price 0-250 | 5130 251-500 $115 0-600 $335 601-1000 $330 0-1000 $45 1001-2000 542 2001-2500 $40 Table 2 Any quantity 542 You need to give each supplier some business otherwise in the future you will be at the mercy of one of them and they could easily raise prices on you. Therefore, as a policy you won't give more than 60% of the total purchase volume to one supplier. Determine the minimum procurement cost for the components you need

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