Question: please help answer this question We solved Garden Mulch problem we formulated previously. We get sensitivity analysis report from Excel as follows. Name N M

please help answer this question please help answer this question We solved Garden
please help answer this question We solved Garden
We solved Garden Mulch problem we formulated previously. We get sensitivity analysis report from Excel as follows. Name N M Final Value 125 0 25 Reduced Cost 0 -0.5 0 Objective Coefficient 9 10 6 Allowable Increase 1 0.5 1 Allowable Decrease 0.333333333 1E+30 0.6 Name Shadow Price 1.5 Final Value 700 375 325 150 Pine Bark Machine Time Labor Hour Storage Bag Constraint R.H. Side 700 600 480 150 0 Allowable Increase 50 1E+30 1E+30 23.68421053 Allowable Decrease 150 225 155 0 1.5 10 1) What is the maximum price the store would be justified in paying for additional pine bark? In other words, what is the marginal value of a pound of pine bark? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) The marginal value of a pound of bark is $ A/ 2) Over what range is this price value appropriate? This marginal value is in effect from A lbs. to A lbs. of bark

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
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!