In a Word document (or clear handwriting), state the algebraic formulation (identify the decision variables, the objective function and the constraints) for each problem and answer the questions in the problems. It is acceptable to use short notation and/or brief statements to represent the formulation of the problem. Screenshots of the model (use FORM ULATEXT to show calculations) and Answer Reports must be included in the Word document. Attached the Excel spreadsheet model for each problem to support your answers. Use formatting (labels, colors, borders) to enhance the readability of your models. pricing with Dependent Demands: Covington Motors is a car dealership that specializes in the sales of sport utility vehicles and station wagons. Due to its repu- tation for quality and service. Covington has a strong position in the regional market. but demand is somewhat sensitive to price. After examining the new models. Covington's marketing consultant has come up with the following demand curves: SUV demand = 400 - 0.014(SUV price] Wagon demand = 425 - 0.018(wagon price) The dealership's unit costs are $17,000 for SU'Vs and $14,090 for wagons. Each SUV requires 2hours of prep labor, and each wagon requrres 3hours of prep labor. The current staff can supply 320 hours of labor. (:1) Determine the pro tmaximizing prices for WW and wagons. (Round off any fractional demands.) ('3) What demand levels will result from the prices in (a)? (c) What is the marginal value of dealer prep labor