Exercise 13-29 Static

Big Sur Taffy Company makes two types of candies: salt water taffy and special home-recipe taffy. Big Sur wants to use a more quantitative approach to decide how much salt water and special taffy to make each day. Molasses, honey, and butter are the main ingredients that Big Sur uses to make taffy candies. For a pound of salt water taffy, Big Sur uses 8 cups of molasses, 4 cups of honey, and 0.7 cup of butter, and the selling price is $7.50/lb. For a pound of special taffy, Big Sur uses 6 cups of molasses, 6 cups of honey, and 0.3 cup of butter, and the selling price is $9.25/lb. Taffy candies are made fresh at dawn each morning, and Big Sur uses ingredients from a very exclusive supplier who delivers 400 cups of molasses, 300 cups of honey, and 32 cups of butter once a day before sunrise.

c. Report the shadow price and the range of feasibility of each binding constraint. (If the answer to constraints is "Binding" enter the "Shadow price" and "Range of feasibility" to 2 decimal places or leave cells blank.) Range of Feasibility Shadow Price From To Molasses constraint Honey nstraint Butter constraint d. What is the range of optimality for the objective function coefficients? (Round your answers to 2 decimal places.) Range of Optimality for the Objective Function Coefficients From Salt water taffy Home recipe taffy c. Report the shadow price and the range of feasibility of each binding constraint. (If the answer to constraints is "Binding" enter the "Shadow price" and "Range of feasibility" to 2 decimal places or leave cells blank.) Range of Feasibility Shadow Price From To Molasses constraint Honey nstraint Butter constraint d. What is the range of optimality for the objective function coefficients? (Round your answers to 2 decimal places.) Range of Optimality for the Objective Function Coefficients From Salt water taffy Home recipe taffy