Question: please solve using solver and show all formulas (SUM, SUMPRODUCT, CONSTRAINTS, etc.) 16 Consider the following LP problem, in which X and Y denote the

16 Consider the following LP problem, in which X and Y denote the number of units of products X and Y to produce, respectively: Maximizeprofit=$4X+$5Y subject to the constraints X+2Y10(laboravailable,inhours)6X+6Y36(materialavailable,inpounds)8X+4Y40(storageavailable,insquarefeet)X,Y0(nonnegativity) The Excel Sensitivity Report for this problem is shown in Screenshot 9. Calculate and explain what happens to the optimal solution for each of the following situations. Each question is independent of the other questions. (a) You acquire 2 additional polinds of material. (b) You acquire 1.5 additional hours of labor. (c) You give up 1 hour of labor and get 1.5 pounds of material. (d) The profit contributions for both products X and Y are changed to $4.75 each. (e) You decide to introduce a new product that has a profit contribution of $2. Each unit of this product will use 1 hour of labor, 1 pound of material, and 2 square feet of storage space. Microsoft Excel 14.0 Sensitivity Report Problem 16
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