Question: Answer the following questions: 1 . What are the basic variables / Non basic variables? 2 . What are the binding constraints / non -

Answer the following questions:1. What are the basic variables/ Non basic variables?2. What are the binding constraints/ non-binding constraints and what is the slack/surplus for each constraint?3. What is the total production cost?4. Determine the range of optimality for the labor hours such that the current solution remains optimal.5. How much would it cost to produce one more vehicle?6. By how much would the solution change if it costs $10,000 to produce at plant 3?7. How would our solution change if it cost $4,000 to produce at plant 3?8. By how much would the solution change if it the material available increased to 5100?9. What would be the effect on the solution if the minimum production requirements at plant 3 increased from 400 to 420 cars?10. If the labor hours available increased by 200, the material available decreased by 200, and the minimum requirement at plant 3 increase by 50 simultaneously, what would be the effect on the solution?

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!