Question: Problems #1 and #2 are the same linear programming model except for one constraint. In Problem #1 the third constraint is X 1 >= 2

  1. Problems #1 and #2 are the same linear programming model except for one constraint. In Problem #1 the third constraint is X1 >= 2 and in Problem #2 the third constraint is X1 >= 3, which is an increase of one unit. Note the change in the objective function value from problem #1 to problem #2. What is the shadow price?
    1. -1
    2. 0
    3. 1
    4. 3
    5. None of the above 2. Consider the following linear programming model

Maximize: Z = X1 + X2

Constraints:

X1 + X2 2

X1 1

X2 3

X1, X2 0

This linear programming model has:

a. one unique optimal solution

b. no feasible solutions

c. four binding constraints

d. two unique solutions

e. an unbounded feasible region

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