vollmer manufacturing makes three components for sale to refrigeration companies. the components are processed on two machines: a shaper and a grinder. the times (in minutes) required on each machine are as follows. The shaper is available for 130 hours, and the grinder is available for 105 hours. No more than 150 units of component 3 can be sold, but up to 1,000 units of each of the other components can be sold. In fact, the company already has orders for 700 units of component 1 that must be satisfied. The profit contributions for components 1, 2, and 3 are $7, $6, and $10, respectively.(a)Formulate and solve for the recommended production quantities. (b)What are the objective coefficient ranges for the three components?If there is no lower or upper limit, then enter the text "NA" as your answer.If required, round your answers to two decimal places. c)What are the right-hand-side ranges?If there is no lower or upper limit, then enter the text "NA" as your answer.If required, round your answers to two decimal places. Interpret the above ranges for company management.The input in the box below will not be graded, but may be reviewed and considered by your instructor.(d)If more time could be made available on the grinder, how much would it be worth?(e)If more units of component 3 can be sold by reducing the sales price by $4, should the company reduce the price?- Select your answer -YesNo