Question: 4 . What is the allowable range for boots? 5 . Without using Excel, explain what would happen to the optimal solution if the profit

4. What is the allowable range for boots?
5. Without using Excel, explain what would happen to the optimal solution if the profit for sandals increased by $20.
6. Without using Excel, explain what would happen to the optimal solution if the profit for boots decreased by $30.
7. Explain what the shadow price for employees needed in Factory 1 means.
8. Describe a real life scenario (outside of manufacturing) where What If Analysis should be used.
9. Why is What If Analysis important for managers to understand in the decision making process?
One person should submit both the Excel file and the Word doc

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