Question: $70 S50 $0 TABLE M7.6 Final Simplex Tableau for the Flair Furniture Problem SOLUTION MIX QUANTITY 1 1.5 -0.5 $70 $50 C 0 $70 0

$70 S50 $0 TABLE M7.6 Final Simplex Tableau for

$70 S50 $0 TABLE M7.6 Final Simplex Tableau for the Flair Furniture Problem SOLUTION MIX QUANTITY 1 1.5 -0.5 $70 $50 C 0 $70 0 1 $50 1 $15 30 40 $4,100 $S Z; C; - ; SO SO -SS -$15 Refer to Table M7.6, which is the optimal tableau for the Flair Furniture Company problem. (a) What are the values of the shadow prices? (b) Interpret the physical meaning of each shadow price in the context of the furniture problem. (c) What is the range over which the profit per table can vary without changing the optimal basis (solution mix)? (d) What is the range of optimality for C (number of chairs produced)? (e) How many hours can Flair Furniture add to or re- move from the first resource (painting depart- ment time) without changing the basis? (f) Conduct RHS ranging on the carpentry depart- ment resource to determine the range over which the shadow price remains valid

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