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Ashworth Industries would like to make a price and production decision on two of its products. Define QA and QB as the quantities of products A and B to produce and PA and PB as the price for products A and B. The weekly quantities of A and B that are sold are functions of the price, according to the following expressions:
QA=5500-200PA
QB=4500-225PB
The variable costs per unit of A and B are $18 and $12, respectively. The weekly production capacity for A and B are 275 and 350 units, respectively. Each unit of A requires 1 hour of labor, while each unit of B requires 2 hours. The are 700 hours of labor available each week. What quantities and price of products A and B will maximize weekly profit
NB. I request for full working in excel showing how the formulae are computed in solver. Thank you
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