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A company wishes to produce two types of souvenirs: Type A and Type B. Each Type A souvenir will result in a profit of $1.40,

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A company wishes to produce two types of souvenirs: Type A and Type B. Each Type A souvenir will result in a profit of $1.40, and each Type B souvenir will result in a profit of $1.80. To manufacture a Type A souvenir requires 2 minutes on Machine I and 1 minute on Machine II. A Type B souvenir requires 1 minute on Machine I and 3 minutes on Machine II. There are 2 hours available on Machine I and 5 hours available on Machine II. (a) For a meaningful solution, the time available on Machine II must lie between | x and x min. (Enter your answers from smallest to largest.) Enter an exact number. (b) If the time available on Machine II is changed from 300 min to (300 + k) min, with no change in the maximum capacity for Machine I, then Ace Novelty's profit is maximized by producing Type A souvenirs and Type B souvenirs, where Isks (c) Find the shadow price for Resource 2 (associated with constraint 2). (Round your answer to the nearest cent.) $ A company wishes to produce two types of souvenirs: Type A and Type B. Each Type A souvenir will result in a profit of $1.40, and each Type B souvenir will result in a profit of $1.80. To manufacture a Type A souvenir requires 2 minutes on Machine I and 1 minute on Machine II. A Type B souvenir requires 1 minute on Machine I and 3 minutes on Machine II. There are 2 hours available on Machine I and 5 hours available on Machine II. (a) For a meaningful solution, the time available on Machine II must lie between | x and x min. (Enter your answers from smallest to largest.) Enter an exact number. (b) If the time available on Machine II is changed from 300 min to (300 + k) min, with no change in the maximum capacity for Machine I, then Ace Novelty's profit is maximized by producing Type A souvenirs and Type B souvenirs, where Isks (c) Find the shadow price for Resource 2 (associated with constraint 2). (Round your answer to the nearest cent.) $

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