Question: Solve the following LP problem using excel solver and indicate the optimal solution. Maximize profit = $3X + $2Y subject to: 2X + Y

Solve the following LP problem using excel solver and indicate the optimal solution.

Maximize profit = $3X + $2Y

subject to:

2X + Y <=150

2X + 3Y <= 300

Obtain the sensitivity report in excel and answer the following questions. (Make sure to upload the Excel worksheet)

(a) Does the optimal solution change if the profit per unit of X changes to $4.50?

(b) What happens if the profit function should have been $3X + $3Y?

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