Question: 2. answer fully, like will be given if answers are correct. use Excel solver. A garden store prepares various grades of pine bark for mulch:

2. answer fully, like will be given if answers are correct. use Excel solver.

2. answer fully, like will be given if answers are correct. useExcel solver. A garden store prepares various grades of pine bark formulch: nuggets (x1), mini-nuggets (x2), and chips (x3). The process requires pine

A garden store prepares various grades of pine bark for mulch: nuggets (x1), mini-nuggets (x2), and chips (x3). The process requires pine bark, machine time, labor time, and storage space. The following model has been developed. Maximize 9x1+9x2+6x3 (profit) Subject to Bark 5x1+6x2+3x3600 pounds Machine 2x1+4x2+5x3600 minutes Labor 2x1+4x2+3x3480 hours Storage 1x1+1x2+1x3150 bags x1,x2,x30 a-1. What is the shadow price of a pound of pine bark? (Round your answer to 2 decimal places.) a-2. Over what range is this shadow price value valid? b. What is the maximum price the store would be justified in paying for additional pine bark (if they are okay with just breaking even)? (Round your answer to 2 decimal places.) c-1. What is the shadow price of labor? (Leave no cells blank - be certain to enter " 0 " wherever required.) g-1. If profits on chips increased to $7 per bag and profits on nuggets decreased by $.60, would the optimal quantities change? Yes No g-2. Given this increase in profit on chips to $7 per bag, and a decrease in profit on nuggets of $0.60, what is the new value of the objective function? (Round intermediate calculations to 3 decimal places and final answer to nearest whole number.) h. If the amount of pine bark available decreased by 15 pounds, machine time decreased by 27 minutes, and storage capacity increased by five bags, would this fall in the range of feasibility for multiple changes? Yes No c-2. Over what range is this shadow price valid? d. If the manager could ask the workers to work overtime, thereby adding 60 minutes of labor, should she? Yes No e. If the manager can obtain either additional pine bark or additional storage space, which one should she choose and how much (assuming additional quantities cost the same as usual)? f-1. If a change in the chip operation increased the profit on chips from $6 per bag to $7 per bag, would the optimal quantities change? Yes No

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