Question: ( A ) What are the right - hand - side ranges? ( Use minutes for time. If there is no upper or lower limit

(A) What are the right-hand-side ranges? (Use minutes for time. If there is no upper or lower limit, enter NO LIMIT. Round your answers to the nearest integer.)
shaper availability-? to ?
grinder availability-? to ?
max units of component 3-? to ?
max units of component 1-? to ?
max units of component 2-? to ?
existing orders for component 1-? to ?
Interpret these ranges for company management. Choose correct answer.
a) These are the ranges over which the dual values for the associated constraints are not applicable.
b) These are the ranges over which the reduced costs for the associated constraints are applicable.
c) These are the ranges over which the reduced costs for the associated constraints are not applicable.
d) These are the ranges over which the dual values for the associated constraints are applicable.
(B) If more time could be made available on the grinder, how much would it be worth? Choose correct answer.
a) Nothing, since there are 300 minutes of slack time on the grinder at the optimal solution.
b) Every additional minute on the grinder increases profits by $3.
c) Every additional minute on the grinder increases profits by $1.50.
d) Every additional minute on the grinder decreases profits by $1.
(C) If more units of component 3 can be sold by reducing the sales price by $4, should the company reduce the price? Choose correct answer.
a) Yes. At that price, it would be profitable to produce 700 units of component 3.
b) Yes. Every additional unit of component 3 increases profits by $3.
c) No. There is a slack of 300 units so selling more would not improve profits.
d) No. At that price, it would not be profitable to produce any of component 3.
 (A) What are the right-hand-side ranges? (Use minutes for time. If

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!