Question: 7) (4 points) Max Z = 5x1 + 3x2 Subject to: 6x1 + 2x2 0 Determine the sensitivity range for each objective function coefficient. Answer:

7) (4 points) Max Z = 5x1 + 3x2 Subject to: 6x1 +

7) (4 points) Max Z = 5x1 + 3x2 Subject to: 6x1 + 2x2 0 Determine the sensitivity range for each objective function coefficient. Answer: xl: 8) (4 points) The relationship d= 5000 - 25p describes what happens to demand (d) as price (p) varies. Price can vary between $10 and $50. How many units can be sold when the price is $10? Answer: 9) (5 points) Ponder the following linear programming problem: Max Z= 5x1 + 6x2 Subject to: 3x1 + 4x2 0 What is the optimal solution point? Answer: _ at xl and _at x2 for an objective function value of at x to an objec Diff: 3 Page Ref: 40

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