4) Suppose you are employed by a firm that has been tasked with storing two...
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4) Suppose you are employed by a firm that has been tasked with storing two types of testing kits for Covid-19. The company has just renovated your space and as a result your storage space has been reduced to 40 square feet. Kit x requires 1 square foot of space while kit 2 requires 2 square feet of space to store. Your profit function is of the form: =160x3x2xy2y2+240y665 Using Solver: a) What is optimal amount of x kits you are able to store to maximize your profits? b) What is the optimal amount of y kits you are able to store to maximize your profits? c) What is the amount of your profits at these storage levels for x and y kits? d) What would be the effect on your profits if you could increase your storage space by 1 square foot? e) What is the value in part (d) called? And what is its formal interpretation
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