Question: USE EXCEL TO PRODUCE SENSITIVITY ANALYSIS REPORT THEN ANSWER QUESTION!! 5 Radioco manufactures two types of radios. The only scarce resource that is needed to

USE EXCEL TO PRODUCE SENSITIVITY ANALYSIS REPORT THEN ANSWER QUESTION!!
5 Radioco manufactures two types of radios. The only scarce resource that is needed to produce radios is labor. At present, the company has two laborers. Laborer 1 is willing to work up to 40 hours per week and is paid $5 per hour. Laborer 2 will work up to 50 hours per week for $6 per hour. The price as well as the resources required to build each type of radio are given in Table 1.
Letting xi be the number of Type i radios produced each week, Radioco should solve the following LP:
maxz=3x1+2x2
s.t.
x1+2x240
2x1+x250
x1,x20
a For what values of the price of a Type 1 radio would the current basis remain optimal?
b For what values of the price of a Type 2 radio would the current basis remain optimal?
TABLE 1
\table[[Radio 1,Radio 2],[Price ($),\table[[Resource],[Required]],Price ($),\table[[Resource],[Required]]],[25,\table[[Laborer 1:],[1 hour],[Laborer 2:],[2 hours],[Raw material],[cost: $5
 USE EXCEL TO PRODUCE SENSITIVITY ANALYSIS REPORT THEN ANSWER QUESTION!! 5

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