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

Excel's Solver tool has been used to generate the sensitivity analysis report:
Variable Cells
Model
Final
Reduced
Objective
Allowable
Allowable
Variables
Name
Value
Cost
Coefficient
Increase
Decrease
X1
Deluxe
15.00
0.00
10.00
12.50
2.50
X2
Professional
17.50
0.00
15.00
5.00
8.33
Constraints
Final
Shadow
Constraint
Allowable
Allowable
Constraints
Name
Value
Price
R.H. Side
Increase
Decrease
1
Aluminum
100.00
3.13
100.00
60.00
46.67
2
Steel
80.00
1.25
80.00
70.00
30.00
Based on the above solution, answer the following questions:
Determine the objective coefficient ranges.
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?
If the unit profit on deluxe frames were $6 instead of $10, would the optimal solution change?
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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