Question: Problem 1 (Type I Quantity Discounts Problem) Tesla Electric uses 4,000 toggle switches a year. Switches are priced as follows: 1 to 499,$2 each; 500

Problem 1 (Type I Quantity Discounts Problem) Tesla Electric uses 4,000 toggle switches a year. Switches are priced as follows: 1 to 499,$2 each; 500 to 999,$1.75 each; 1000 to 1499,$1.25 each; and 1,500 or more, $1.20 each. It costs approximately $9 to prepare an order and receive it, and annual carrying costs are 40 cents per unit. What are the optimal total costs

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