3.1 3.2 3.3 3.4 Write down the basic variables and their values, the nonbasic variables and their values, and the corresponding prot. (4) How would you dene the reduced cost of a variable? What is the reduced cost of M 3? (2) Will a right-hand side value of 2 200 for Constraint 3 affect the feasibihty of the current basis? (5) Is an objective function coeicient of 600 for Product M2 within the range that will not affect the feasibility of the current basis? What is the possible optimal value of the objective function in this case? (5) Question 3 Consider the following model in which M1, M 2 and M3 represent three products and C 11 02, C3 and C4 represent four conditions to be met in the production of these products: Maximise PROFIT = 1 500M1 + 770M2 + 800M3 subject to 4M1 + 9M2 + 7M3 S 600 (Cl) 4M1 + 7M 3 S 8 000 (C?) 6M2 + 8M3 S 2 000 (03) M1 5 700 (C4) and M1, M2, M3 2 0