Question: OBJECTIVE COEFFICIENT RANGES a. Give the complete optimal solution. b. Which constraints are binding? c. What is the dual price for the second constraint? What

OBJECTIVE COEFFICIENT RANGES a. Give the complete

OBJECTIVE COEFFICIENT RANGES a. Give the complete optimal solution. b. Which constraints are binding? c. What is the dual price for the second constraint? What interpretation does this have? d. Over what range can the objective function coefficient of x2 vary before a new solution point becomes optimal? e. By how much can the amount of resource 2 decrease before the dual price will change? f. What would happen if the first constraint's right-hand side increased by 700 and the second"s decreased by 350 ? g. Suppose the objective function coefficient of X1 increased by 5$. Is the above solution still optima? Is the value of the objective function will change, if yes, calculate the new of Z ? h. Calculate the reduced cost for X1 ? i. If the RHS of constrain 1 is increased by 20 , what will be the effect of the optimal solution and the objective function values

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