Please solve the below question using “Solver” function in excel. Also help me understand the steps to use it on my own.
ACME makes two types of printed products Black and White (A) and Glossy covers (B) for brochures each requiring time on each of two machines. These requirements, along with the limitations on the available labour-hours are given in the following table:
|Product Type||Machine 1||Machine 2||Unit Profit|
|Max labour availability
–hours per week
A. Determine how many units of Product A and Product B must be produced each week to maximize the total profit. (fractional units allowed)
B. Suppose that a single order is received for 1600 units of Product A per week, and if it is decided that this order must be filled, determine the new values below (fractional units allowed):-
C. In addition to the above, the company estimates that at most 1900 units of Product can be handled by its distribution network each week. Determine the new values below (fractional units allowed):-