Question: Consider the following LP problem and the optimal solution: Max Z = 3X1 + 8X2 S.T. 0.1X+0.3X2

Consider the following LP problem and the optimal solution:

Max Z = 3X1 + 8X2

S.T. 0.1X+0.3X2 <= 240

1X1+. 2X2 <=2000

X1, X2 >= 0

Question: what is the maximum you are willing to pay for a unit of 2nd resource?

A. 1200

B. 1

C. 8

D. 20

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!