Question: Please solve the following Operational Research problem. Please show all work and please do all parts thank you. Problem 4.(20 points. Nike produces two types

Please solve the following Operational Research problem. Please show all work and please do all parts thank you.

Please solve the following Operational Research

Problem 4.(20 points. Nike produces two types of cowboy hats. A type 1 hat requires twice as much labor time as a type 2. If the all available labor time is dedicated to Type 2 alone, the company can produce a total of 400 Type 2 hats a day. The respective market limits for the two types are 150 and 200 hats per day. The profit is $8 per Type 1 hat and $5 per Type 2 hat. Determine the number of hats of each type that would maximize profit. (Build the mathematical model, but it is not required to find the optimal solution.) Solution

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