Question: Read the problem given below and answer the next three questions. NOLA foods company produces two types of cooking oil; type 1 and type 2.

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Read the problem given below and answer the next three questions. NOLA foods company produces two types of cooking oil; type 1 and type 2. They need raw materials mat-A and mat-B to produce cooking oil. To produce each unit of type 1 oil, they need two units of mat-A and two units of mat-B. To produce each unit of type 2 oil, they need four units of mat-A and two units of mat-B. They earn $4 profit on each unit of type 1 produced. They earn $6 profit on each unit of type 2 oil produced. The raw materials mat-A and mat-B have a maximum weekly supply of 4800 and 4000 units respectively. What should be optimum quantities of type 1 and type 2 oil they need to produce every week? What is the optimum weekly profit? Look at the sensitivity report and answer this question. If you increase the objective coefficient of type 2 by one unit then

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