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A creamery purchases three different types of cheese: panela cheese at $3.75 per pound, goat cheese...

A creamery purchases three different types of cheese: panela cheese at $3.75 per pound, goat cheese at $7.10 per pound, and Oaxaca cheese at $4.50 per pound. The daily demand for each cheese is 45, 22, and 63 pounds respectively. The creamery has a dedicated supplier for each type of cheese, and the ordering cost is $2.00 per order. It is expensive to keep these products in inventory because they are highly perishable. The holding cost is estimated to be 0.5% of the purchasing price for each type of cheese. What is the estimated economic order quantity for the goat cheese? The answer is 50 pounds but can you show how they got that. PLEASE EXPLAIN HOW YOU GOT THE ANSWER, THANKS!

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