I don't understand how to work this. At this point I'm not even sure how to begin.

5:06 PM Tue Feb 13 AN = 35% @ STBE-137 - Project One Data.docx eoe Project One Data Production Function Let R be the units of robots (hours) and H be the units of humans/labor (hours). Entrepreneur C Entrepreneur S Per Hour Input Cost Robot=$10 per hour Human=$15 per hour Demand Functions Entrepreneur C P(Q.)=5$96,000 - $5Q_ Entrepreneur S P(Q)=5$14,500 - $0.15Q, 5:07 PM Tue Feb 13 e VA ] STBE-137 - Project One(1).docx eoe Project One Due Date: February 19", 2023 (Midnight) Complete all parts. It is important that you explain what you did and why you did it at each step, interpret your results and discuss the limitations of these results. The data for the project can be found in the data file on blackboard. Solution in Excel is required. Scenario Two entrepreneurs are developing the same class of product and have reached the production stage. Entrepreneur C will use a process that produces a customized product (with associated higher cost) and Entrepreneur S will produce a standardized product (with associated lower cost). The production process can be done using robots and/or humans and differs for each entrepreneur, and given the customization, the demand for each product is also different. Details of these functions and the cost per hour of robots versus humans are found in the associated data file. Due to the monetary tightening of the Federal Reserve, bank credit is tight. Thus, the maximum line of credit each entrepreneur can obtain is $200,000. This line of credit will be used to bridge each production run, being paid when the run is sold. Requirements 1. Graphically present the production possibility set for each entrepreneur (the production function with the budget constraint) if the complete line of credit is expended and a comparison of each set across Entrepreneurs. Provide a complete explanation of what these graphs mean and discuss what this tells us about the mix of robots versus humans as it relates to the product \"quality\" (customization versus standardization). 2. Assume that the company does completely expend the line of credit initially. Justify by calculation/graphing and explanation which entrepreneur you would invest your own money in. 3. Implement all necessary calculations and graphing in Excel, and write a two-page report (double-spaced) in Word to describe your formulation of the problem, explain what you did in Excel, and interpret the results and discuss the limitations