Question: a. Formulate the problem. b. Considering the graphical solution, what is the shadow price for assembly constraint? 21) Tracksaws Inc. makes tractors and lawn mowers.

a. Formulate the problem. b. Considering the graphical solution, what is the shadow price for assembly constraint?

21) Tracksaws Inc. makes tractors and lawn mowers. The firm makes a profit of $40 on each tractor and $50 on each lawn mower, and they sell all they can produce. The time requirements in the machine shop, fabrication, and tractor assembly are given in the table. Machine Shop Fabrication Assembly Tractor 2 hours 2 hours 1 hour Lawn Mower 1 hour 3 hours O hour Hrs. Available 60 hours 120 hours 45 hours Let x=number of tractors produced per period; and y=number of lawn mowers produced per period. The graphical solution is shown below. 70 60 50 40 Y 30 Z* 20 10 0 D 10 20 30 40 50 60 70 X a. Formulate the problem. b. Considering the graphical solution, what is the shadow price for assembly constraint

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