Question: Problem 1: Sensitivity Analysis with Computer Output (12 points) The LP problem whose output follows is for maximizing profit and has 4 decision variables designate

Problem 1: Sensitivity Analysis with Computer
Problem 1: Sensitivity Analysis with Computer Output (12 points) The LP problem whose output follows is for maximizing profit and has 4 decision variables designate X1 to X4. Those decision variables represent how many necklaces, bracelets, rings, and earrings a jewelry store should stock (in that order). The objective function measures profit; assume that every piece stocked will be sold. Constraint 1 sets maximum amount of display space available; constraint 2 sets maximum amount of time available to set up the display (in minutes); constraints 3 and 4 are marketing restrictions. Use the sensitivity report (ranging output) shown below to answer the questions that follow: Optimal Solution Printout: Variable Value Reduced Cost Lower Bound X1 = necklaces 8.000 0.0000 87.50 X2 = bracelets 0.000 5.0000 No lower limit X3 = rings 17.00 0.0000 125.00 X4 = earrings 33.00 0.0000 120.00 Constraint Slack/Surplus Dual value Lower Bound 0.000 Espace 100.00 75.000 0.0000 57.00 2 63.00 set up time 3= marketing 0.000 8.00 25.000 -25.000 0.000 41.50 4-marketing Original Value 100.00 120.00 150.00 125.00 Original Value 108.00 120.00 25.00 50.00 Upper Bound No upper limit 125.00 162.50 150.00 Upper Bound 123.75 No upper limit 58.00 54.00 (2 point) What should be the profit per bracelet so you would display some? PS: Please answer only if you are sure and give a little explanation. Thanks

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