Question: Question number 2 Using ercel solver, solve the following LP problem. Note that fractional values for the variables are acceptable. Use two decimal places to

Question number 2 Using ercel solver, solve the following LP problem. Note that fractional values for the variables are acceptable. Use two decimal places to provide answers to questions 4 through 8 1. Generate Input Sheet 2. Answer report 5 marios 3. Sensitivity report 7.5 marks Each of the following questions carries three marks 5*4-20 marks 4. What is the solution to the problem? 5. What is the reduced cost of a necklace? How do you get this value? What do you understand from this value? 6. What is the new cost if the cost of the necklace(x1) decreases by $5, and the bracelet increases by $5 ? Show all your steps and explanation 7. What is the new cost if you add five units of platinum, and if the exact demand for ear-stud is 5 ? 8. What are the binding resources, and what do you understand from them

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