Question: KINDLY PLEASE SOLVE ON EXCEL, PLEASE ALSO PROVIDE THE EQUALITY EQUATIONS . I WANT TO UNDERSTAND THE QUESTION. Q.5 A firm is making two products

KINDLY PLEASE SOLVE ON EXCEL, PLEASE ALSO PROVIDE THE EQUALITY EQUATIONS . I WANT TO UNDERSTAND THE QUESTION.

. I WANT TO UNDERSTAND THE QUESTION. Q.5 A firm is making

Q.5 A firm is making two products A & B. Each unit of A incurs a cost of production to the tune of $150 and that of B incurs a cost of $200. Product A earns a profit of $15/unit and B gets $20/unit. The estimated monthly demand of both A & B is at maximum 500 units. Monthly production budget is set at $50,000.How many units of A & B should the firm make in order to maximize profit. Conduct sensitivity analysis and answer the following questions: 1. State the optimal solution. 2. What is the objective function value? 3. Find out the range of profit for A in the objective function for which the above solution remains optimal. 4. Which constraint/s is/are binding? 5. Interpret the shadow price for production budget

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