Question: Formulate the problem. b . ( 1 5 pts ) Using Excel, find the optimal solution. c . ( 2 0 pts ) What happens

Formulate the problem.
b.(15 pts) Using Excel, find the optimal solution.
c.(20 pts) What happens to the optimal solution and the optimal cost when
the cost of Iron 2 increases to $0.08/lb?(You must use shadow prices to
answer)

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