1. Formulate an LP model for this problem to maximise the total profit and briefly describe each equation.2

| February 14, 2018

1. Formulate an LP model for this problem to maximise the total profit and briefly describe each equation.2. Create a spreadsheet model for this problem and solve it using Solver.3. What is the optimal solution? You must report inputs, output, and required resources.4. Create a sensitivity report for this solution, and answer the following questions:a. If the firm wanted to decrease the production on any product, which one would you recommend and why?b. If the firm wanted to increase the product …

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