Question: *3. Consider the Linear Program: MAXIMIZE Z = 7X1 + 11X2 Subject to: X1 + X2 2 60 X1 + 3X2 s 210 2X1 +

*3. Consider the Linear Program: MAXIMIZE Z = 7X1

*3. Consider the Linear Program: MAXIMIZE Z = 7X1 + 11X2 Subject to: X1 + X2 2 60 X1 + 3X2 s 210 2X1 + X2 0 Solve this problem in Excel and generate a Sensitivity Report. (a) Specify the slack or surplus in each of the three resource constraints at the optimal solution. (b) Specify the shadow price for each of the three constraints. (c) Specify the range of optimality for each objective function coefficient. (d) Specify the range of shadow price validity for each of the three constraints. *3. Consider the Linear Program: MAXIMIZE Z = 7X1 + 11X2 Subject to: X1 + X2 2 60 X1 + 3X2 s 210 2X1 + X2 0 Solve this problem in Excel and generate a Sensitivity Report. (a) Specify the slack or surplus in each of the three resource constraints at the optimal solution. (b) Specify the shadow price for each of the three constraints. (c) Specify the range of optimality for each objective function coefficient. (d) Specify the range of shadow price validity for each of the three constraints

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