Question: Need help answering questions F-I with this information given, I would like an explanation just so I can understand the concepts please! thank you MAX

Need help answering questions F-I with this

Need help answering questions F-I with this

Need help answering questions F-I with thisNeed help answering questions F-I with thisNeed help answering questions F-I with this information given, I would like an explanation just so I can understand the concepts please! thank you

MAX PROFIT EXAMPLE Cost Rev Profit DECISION VARIABLES $3.00 $3.00 $5.00 $7.00 $2.00 $4.00 Ham Spread Deli Spread Obj Function 20 84 $376.00 LHS 1.4 1 112 1.4 1 112 1 0 20 0 1 84 >= Constraints Mayo (min) Mayo (max) Ham Spread Preorder Deli Spread Preorder RHS 70 112 20 18 MIN COST EXAMPLE Cost Rev Profit $3.00 $3.00 $5.00 $7.00 $2.00 $4.00 Ham Spread Deli Spread Obj Function 37.14285714 18 $165.43 LHS 1.4 1 70 1.4 1 70 1 0 37.14285714 0 1 18 Constraints Mayo (min) Mayo (max) Ham Spread Preorder Deli Spread Preorder RHS 70 112 >= 20 18 Result: Solver found a solution. All Constraints and optimality conditions are satisfied. Solver Engine Engine: Simplex LP Solution Time: 0.094 Seconds. Iterations: 5 Subproblems: 0 Solver Options Max Time Unlimited, Iterations Unlimited, Precision 0.000001, Use Automatic Scaling Max Subproblems Unlimited, Max Integer Sols Unlimited, Integer Tolerance 1%, Assume NonNegative Max Profit Answer Report Objective Cell (Max) Cell Name $F$10 Obj Function Original Value 6 Min Cost Answer Report Objective Cell (Min) Cell Name $F$26 Obj Functia Final Value 376 Original Value 165.4285714 Final Value 165.4285714 Name Integer Variable Cells Cell Name $D$10 Ham Spread $E$10 Deli Spread Original Value 1 1 Final Value Integer 20 Contin 84 Contin Variable Cells Cell $D$26 SE$26 Ham Spreai Deli Spread Original Value 37.14285714 18 Final Value 37.14285714 Contin 18 Contin Constraints Cell Name $F$12 May (min) LHS $F$13 Mayo (max) LHS $F$14 Ham Preorder LHS $F$15 Deli Preorder LHS Cell Value Formula Status 112 $F$12>=$H$12 Not Binding 112 $F$13=$H$14 Binding 84 $F$15>=$H$15 Not Binding Slack 42 0 0 0 66 Constraints Cell $F$28 $F$29 $F$30 $F$31 Name Mayo (min) Mayo (max Ham Spreai Deli Spread Cell Value Formula Status 70 $F$28>=$H$28 Binding 70 $F$29=$H$30 Not Binding 18 $F$31>=$H$31 Binding The manager of the deli section of a grocery superstore has just learned that the department has 112 pounds of mayonnaise, of which 70 pounds is approaching its expiration date and must be used. To use up the mayonnaise, the manager has decided to prepare two items: a ham spread and a deli spread. Each pan of the ham spread will require 1.4 pounds of mayonnaise, and each pan of the deli spread will require 1.0 pound. The manager has received an order for 10 pans of ham spread and 8 pans of the deli spread. In addition, the manager has decided to have at least 10 pans of each spread available for sale. Both spreads will cost $3 per pan to make, but ham spread sells for $5 per pan and deli spread sells for $7 per pan. F) How much would my profit increase if I had 40 more pounds of mayo? G) How much would my profit increase if I had 40 less pounds of mayo? H) How much would my profit increase if I had 45 more pounds of mayo? 1) How much would my profit increase if I had 45 less pounds of mayo? MAX PROFIT EXAMPLE Cost Rev Profit DECISION VARIABLES $3.00 $3.00 $5.00 $7.00 $2.00 $4.00 Ham Spread Deli Spread Obj Function 20 84 $376.00 LHS 1.4 1 112 1.4 1 112 1 0 20 0 1 84 >= Constraints Mayo (min) Mayo (max) Ham Spread Preorder Deli Spread Preorder RHS 70 112 20 18 MIN COST EXAMPLE Cost Rev Profit $3.00 $3.00 $5.00 $7.00 $2.00 $4.00 Ham Spread Deli Spread Obj Function 37.14285714 18 $165.43 LHS 1.4 1 70 1.4 1 70 1 0 37.14285714 0 1 18 Constraints Mayo (min) Mayo (max) Ham Spread Preorder Deli Spread Preorder RHS 70 112 >= 20 18 Result: Solver found a solution. All Constraints and optimality conditions are satisfied. Solver Engine Engine: Simplex LP Solution Time: 0.094 Seconds. Iterations: 5 Subproblems: 0 Solver Options Max Time Unlimited, Iterations Unlimited, Precision 0.000001, Use Automatic Scaling Max Subproblems Unlimited, Max Integer Sols Unlimited, Integer Tolerance 1%, Assume NonNegative Max Profit Answer Report Objective Cell (Max) Cell Name $F$10 Obj Function Original Value 6 Min Cost Answer Report Objective Cell (Min) Cell Name $F$26 Obj Functia Final Value 376 Original Value 165.4285714 Final Value 165.4285714 Name Integer Variable Cells Cell Name $D$10 Ham Spread $E$10 Deli Spread Original Value 1 1 Final Value Integer 20 Contin 84 Contin Variable Cells Cell $D$26 SE$26 Ham Spreai Deli Spread Original Value 37.14285714 18 Final Value 37.14285714 Contin 18 Contin Constraints Cell Name $F$12 May (min) LHS $F$13 Mayo (max) LHS $F$14 Ham Preorder LHS $F$15 Deli Preorder LHS Cell Value Formula Status 112 $F$12>=$H$12 Not Binding 112 $F$13=$H$14 Binding 84 $F$15>=$H$15 Not Binding Slack 42 0 0 0 66 Constraints Cell $F$28 $F$29 $F$30 $F$31 Name Mayo (min) Mayo (max Ham Spreai Deli Spread Cell Value Formula Status 70 $F$28>=$H$28 Binding 70 $F$29=$H$30 Not Binding 18 $F$31>=$H$31 Binding The manager of the deli section of a grocery superstore has just learned that the department has 112 pounds of mayonnaise, of which 70 pounds is approaching its expiration date and must be used. To use up the mayonnaise, the manager has decided to prepare two items: a ham spread and a deli spread. Each pan of the ham spread will require 1.4 pounds of mayonnaise, and each pan of the deli spread will require 1.0 pound. The manager has received an order for 10 pans of ham spread and 8 pans of the deli spread. In addition, the manager has decided to have at least 10 pans of each spread available for sale. Both spreads will cost $3 per pan to make, but ham spread sells for $5 per pan and deli spread sells for $7 per pan. F) How much would my profit increase if I had 40 more pounds of mayo? G) How much would my profit increase if I had 40 less pounds of mayo? H) How much would my profit increase if I had 45 more pounds of mayo? 1) How much would my profit increase if I had 45 less pounds of mayo

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