Question: In the production mix problem, the meaning for the value of a dual variable is the marginal increase of the profit for the furniture

In the production mix problem, the meaning for the value of a

In the production mix problem, the meaning for the value of a dual variable is the marginal increase of the profit for the furniture company from one unit increase in the corresponding resource. Specifically, the dual variable is $10 for one hour increase in the carpenter's time, $10 for one hour increase in the painter's time, and $0 for one hour increase in the metal worker's time. What is the meaning of the value of a dual variable in the diet problem for making dog food from beef and grain? Specifically, specify the respective meanings of the dual variables for the requirements on vitamin1 and 2 and the total number of pounds of the dog food?

Step by Step Solution

★★★★★

3.37 Rating (147 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

interpret dual var on vit 1 Every 1 unit decrease in the min requirement on v... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Penguin purchased 75% of Star on January 1, 2015 for $2,200,000. The FV of the noncontrolling interests was 700,000. The book value of Stars equity was $2,300,000 at the time. Penguin uses the equity...

Suppose a country produces 50 units (Q) per year, and the world interest rate is 10%. Consumption is also 50 units per year, and I=G=0. Suppose that unexpected production cuts occurred at zero...

For each value of a in the set {32, 31.9, 31.8, 32.1,32.2}, compute the characteristic polynomial of A and the eigenvalues. In each case, create a graph of the characteristic polynomial p(t) = det (A...

In calculus, it is shown that the area of the region bounded by the graphs of y = 0, y = 1 / (x2 + 1), x = a, and x = b (see figure) is given by Area = arctan b arctan a. Find the area for each value...

Beantown Baseball Company makes baseballs that sell for $13.00 per two-pack. Current annual production and sales are 960,000 baseballs. Costs for each baseball are as follows: Direct material...

The following information is available for Best Appliance Inc.: Required Calculate the times interest earned ratio for 2014 and compare it to the industry average in Exhibit 18.11. Explain why it...

Suppose Modern Merchandise, Inc., makes and markets do-it-yourself hardware, house wares, and industrial products. The company's new Aperture Moonblind is winning customers by virtue of its high...

Production engineers at Sinotron believe that a modified layout on its assembly lines might increase average worker productivity (measured in the number of units produced per hour). However, before...

Modify the pervious query to that instead of displaying as one of the totals the total number pounds of milk produced in each region, the total number of pounds of milk produced in each year across...

The equity sections from Atticus Group?s 2017 and 2018 year-end balance sheets follow. The following transactions and events affected its equity during year 2018. Jan. 5 Declared a $0.50 per share...

Is budgeting a necessary tool to help a fast-growing company plan and prepare for the future, or is budgeting too complicated and subjective for a growing company? A budget is a good tool for a...

What are the half-reactions in the electrolysis of (a) MgBr2(l); (b) Ca(OH)2(l)?

--[ E = Write X = -8 -3 J] as a product X = E E E3 of elementary matrices. 1488 Es

Differentiate: P ( x ) = - a x 3 + b x P ' ( x ) = - a x - 2 3 + b P ' ( x ) = - a x + b P ' ( x ) = 3 a x 2 3 - b P ' ( x ) = - a 3 x 2 3 + b

5 5 7 B 9 Problem Ithacor Training Inc. started as a single facility for job retraining in Ithaca, New York. The company recently expanded to a new, much larger, second facility in Cortland. The...

a) How would you construct the static roll center for the front of a car from the lateral ICs of both left front (LF) and right front (RF) wheels and their position on the car? b) How is the roll...

A house with a total living area of 2,500 square feet would cost $110 per square foot to reproduce new. It has an expected economic life of 50 years and is estimated to have an effective age of five...

10.11. The temperature history of the heating and cooling of a 40,000-1 tank during sterilization of medium is: 0 to 15 min, T= 85C; 15 to 40 min, T= 121C; 40 to 50 min, T= 85C; 50 to 60 min, T =...

JOB ANALYSIS AND DESIGN Case Study: How Google Searches for the Right Job Requirements Each year, around 2.5 million people apply to work at Googleabout 60 rsums for every current employee. What...

solve QUESTION 7 - 1 POINT The following lists of data represent five separate companies' top product market shares. Which has the largest standard deviation? . Select the correct answer below: 18,...

Advanced: Calculation of the internal rate of return using the Interpolation method and a discussion of asset betas Amble pic is evaluating the manufacture of a new consumer product. The product can...

1 . The addition of 1 . The addition of a redundant constraint lowers the isoprofit line. Group of answer choices TRUE / FALSE 2 . Production scheduling is amenable to solution by LP because it is a...

Case description: John Spillbury, the managing director and owner of iPiece Puzzles, a small but growing jigsaw puzzle manufacturer is planning to establish a stronger position for the company on the...

Question 1 The Electro-Comp Corporation manufactures two electrical products: air conditioners and large fans. The assembly process for each is similar in that both require a certain amount of wiring...

John Spillbury, the managing director and owner of iPiece Puzzles, a small but growing jigsaw puzzle manufacturer is planning to establish a stronger position for the company on the market....

Need some help with a contribution margin problem. Thank you. VOTA, Inc. produces three products but weekly demand for the three products exceeds the available amount of machine time. The demand and...