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Clay Model Updated March 17, 2021 Instructions: Model the following problem then code it using google colab and submit your code by the end of the lab session. You need to submit your linear program along with your code 0.1 Problem Statement A few of you took a couple of clay molding classes and discovered your hidden talents. Your skills are mostly in bowls and mugs, and you all decided to make them for a living. You can only afford 120lbs of clay per day, and between yourself and your friends, you can put in a total of 40 hours of labor per day.If you knew that each product has a minimum demand of 12 units. The question is how many bowls and mugs you should make per day to maximize your net profit. The two products have the following resource requirements for production and profit per item produced: Labor Clay Product (hr/unit) (lb/unit) Bowl 1 4 Mug 2 3 Revenue ($/unit) 60 70 Cost ($/unit) 20 10