Question: # 3 . Refrigeration Components. Vollmer Manufacturing makes three components for sale to refrigeration companies. The components are processed on two machines: a shaper and

#3. Refrigeration Components. Vollmer Manufacturing makes three components for sale to refrigeration companies. The components are processed on two machines: a shaper and a grinder. The times (in minutes) required on each machine are as follows: MachineComponentShaperGrinder164245342The shaper is available for 120 hours, and the grinder is available for 110 hours. No more than 200 units of component 3 can be sold, but up to 1000 units of each of the other components can be sold. In fact, the company already has orders for 600 units of component 1 that must be satisfied. The profit contributions for components 1,2, and 3 are $8, $6, and $9, respectively. (MLOs 3.23.5)a. Formulate and solve for the recommended production quantities.b. What are the objective coefficient ranges for the three components? Interpret these ranges for company management.c. What are the right-hand-side ranges? Interpret these ranges for company management.d.If more time could be made available on the grinder, how much would it be worth?e.If more units of component 3 can be sold by reducing the sales price by $4, should the company reduce the price?

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