Question: 4 2 Chapter 3 OptimizationofLinearModelsMin Cost: 2 MH + 1 . 5 MS + 3 BH + 2 BSst . 5 0 MH + 1

42Chapter 3OptimizationofLinearModelsMin Cost: 2MH+1.5MS+3BH+2BSst.50MH+100MS50,000 Available Yarn8MH+10MS9,600Machine TimeMH+ BH1,000Hats NeededMS+ BS2,000Scarves NeededMH, MS, BH, BS0Non-Negativity constraintUse Solver on this LP problem to determine the minimum cost of completing thecontract.a. What is the optimal solution?b. What is the optimal value?c. It will cost $20 to add an additional 5 hours of machine time. Is this a goodbusiness decision? What would be the total cost of completing the contract ifthe hours are added?

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