Question: Excel's Solver tool has been used to generate the sensitivity analysis report: Variable Cells Model Variables Name Final Value Reduced Cost Objective Coefficient Allowable Increase

Excel's Solver tool has been used to generate the sensitivity analysis report:
Variable Cells
Model Variables Name Final Value Reduced Cost Objective Coefficient Allowable Increase Allowable Decrease
X1 Deluxe 15.000.0010.0012.502.50
X2 Professional 17.500.0015.005.008.33
Constraints Name Final Value Shadow Price Constraint
R.H. Side Allowable Increase Allowable Decrease
1 Aluminum 100.003.13100.0060.0046.67
2 Steel 80.001.2580.0070.0030.00
Based on the above solution, answer the following questions:
1. Determine the objective coefficient ranges.
2. Suppose the profit on deluxe frames is increased to $20. Is the above solution still optimal? What is the value of the objective function when this unit profit is increased to $20?
3. If the unit profit on deluxe frames were $6 instead of $10, would the optimal solution change?
4. Given that aluminum is a sunk cost, what is the maximum amount the company should pay for 50 extra pounds of aluminum?

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