Question: State the word problems and develop mathematical model. Apply sensitivity analysis 1.e. Calculate the ranges of optimality and shadow prices of each constraint. *2. Wild

State the word problems and develop mathematical model. Apply sensitivity analysis 1.e. Calculate the ranges of optimality and shadow prices of each constraint. *2. Wild West produces two types of cowboy hats. A Type 1 hat requires twice as much labor time as a Type 2. If all the 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 revenue is $8 per Type 1 hat and $5 per Type 2 hat

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