Question: Consider the sensitivity report below for a cost minimization problem. a) What is the value of the objective function for the optimal solution? b) What
Consider the sensitivity report below for a cost minimization problem.
a) What is the value of the objective function for the optimal solution?
b) What will be the change in the objective value if the phosphate required in the fertilizer is increased by 18 units?
Round your answer to 1 decimal place.
c) What will be the change in the objective value if the potassium required in the fertilizer is increased by 2.1 units?
Round your answer to 1 decimal place.
d) What will be the new total cost if the cost per unit of Ingredient 1 increases by 1.88?
Round your answer to 2 decimal places.
e) If you increase the amount of nitrogen required by the maximum allowed increase without changing its shadow price, what will be thechangein the total cost?
f) If you increase the amount of potassium required by the maximum allowed increase without changing its shadow price, what will be thechangein the total cost?

6 Variable Cells 7 Final Reduced Objective Allowable Allowable 8 Cell Name 1IIFaIue Cost Coefficient Increase Decrease 9 $3511 Pounds used Ingredient 1 4 0 3 2 3 1O $C$11 Pounds used Ingredient 2 2 D 5 1E+30 2 11 12 Constraints 13 Final Shadow Constraint Allowable Allowable 14 Cell Name 1\\I'alue Price R.H. Side Increase Decrease _15 $3514 Nitrogen Ounces In Fertilizer 44 D 20 24 1E+30 16 $3515 Phosphate Ounces In Fertilizer 35 0.5 35 1E+3UI 14.4 $3516 Potassium Ounces In Fertilizer 2 2 2 3 2
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