MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. Solve the problem. 1) A certain company produces potting soil and sells it in 75 lb bags. Suppose that 1,000 bags are to be 1) roduced each year. It costs $12 per year to store a bag of potting soil, and it costs $6,000 to set up the facility to produce a batch of bags. Find the number of bags per batch that should be produced. A) 10,000 B) 100,000 C) 14,141 D) 1,000 2) Find the approximate number of batches (to the nearest whole number) of an item that should be 2) to be made. It costs $2 to store a unit for one year, and it produced annually if 100,000 uni costs $1000 to set up the factory to produce each batch. B) 10 batches c) 30 batches D) 40 batches A) 20 batches 3) 3) Given the demand function q 200-5p, determine the price where demand has unit elasticity C) p- $20 p $40 A) p $10 B) p $30 dy for the given values of x and Ax