Problem:
Develop a simple application of two-variable linear programming problem to find an optimal product mix in a 'realistic' context. Specify the resources to be considered and the resource requirements, market demand considerations, technical considerations, managerial policies, and any other relevant factors, and formulate the problem using realistic assumptions or estimates of the same. Find the optimal solution of your problem and discuss its sensitivity analysis and managerial implications. Could you solve this problem using excel.