The Company manufactures paring knives and pocket knives. Eachparing knife requires 3? labor-hours, 7 units of? steel, and 4units of wood. Each pocket knife requires 6? labor-hours, 5 unitsof? steel, and 3 units of wood. The profit on each paring knife is?$3, and the profit on each pocket knife is? $5. Each day thecompany has available 96 ?labor-hours, 134 units of? steel, and 120units of wood. Suppose that the number of? labor-hours that areavailable each day is increased by 27. Use sensitivity analysis todetermine the effect on the optimal number of knives produced andon the profit.
The Company should produce___ paring knives and ___ pocketknives each day for a profit of
?$_____.
