Question: Please solve in Excel using Solver and post screenshots! 5. The profit function for two types of iPod is : Profit = -5x} + 38x

Please solve in Excel using Solver and post screenshots!

Please solve in Excel using Solver and post

5. The profit function for two types of iPod is : Profit = -5x} + 38x 5x + 44x2 + 520 where x and x2 represent number of units of production of basic and advanced iPods, respectively. Production time required for the basic iPod is 6 hours per unit, and production time required for the advanced iPod is 8 hours per unit. Currently, 50 hours are available. The cost of hours is already factored into the profit function. Formulate an optimization problem that can be used to find the optimal production quantity of basic and advanced iPods. Implement a spreadsheet model and use Excel Solver to obtain a solution to the problem. Submit your Excel Solver file

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