The demand function for spaghetti is given by Q_D=21.6×(I)^0.685×〖(P_spaghetti)〗^ (-0.796)×(P_tacos )^0.216×(P_wine )^(-0.128) where P_spaghetti is the price of spaghetti, p_tacos is the price of tacos, p_wine is the price of wine, and I is the income. The supply function for spaghetti is given by Q_S=7547.1×(P_spaghetti-T)^0.494×(P _sauce )^(-0.638)×(P_Labor )^(-0.687) where P_spaghetti is the price of spaghetti, P_sauce is the price of sauce, P_Labor is the wage rate (the price of labor), and T is the tax per unit of spaghetti. Baseline values of variables: DEMAND DATA SUPPLY DATA Income $20,000 Price of sauce $3.00 Price of tacos $6.00 Price of labor $5.00 Price of wine $20.00 Per unit tax $0.00

Emery pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. emery uses 825 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $48 per order. the cost schedules of two suppliers are as follows: vendor 1 vendor 2 quantity price/lb quantity price/lb 1-499 $17 1-399 $17.10 500-999 $16.75 400-799 $16.85 1000+ $16.50 800-1199 $16.60 1200+ $16.25 (a) what is the economic order quantity for each supplier? (b) what quantity should be ordered and which supplier should be used? (c) the total cost for the most economic order sire is $