Given this linear programming model, solve the model and then answer the questions that follow. .:.
Question:
.:.
a. Are any constraints binding? If so, which one(s)?
b. If the profit on product 3 were changed to $ 22 a unit, what would the values of the decision variables be? The objective function? Explain.
c. If the profit on product 1 were changed to $ 22 a unit, what would the values of the decision variables be? The objective function? Explain.
d. If 10 hours less of labor time were available, what would the values of the decision variables be? The objective function? Explain.
e. If the manager decided that as many as 20 units of product 2 could be produced (instead of 16), how much additional profit would be generated?
f. If profit per unit on each product increased by $ 1, would the optimal values of the decision variables change? Explain. What would the optimal value of the objective function be?
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a As shown in the Excel Solver solution below the C1 Machine and C3 Materials constraints are binding b As shown in the Sensitivity Report below the range of optimality for the objective function coef...View the full answer
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