Question: The Excel Sensitivity Report for this problem is shown in Screenshot below. Calculate and explain what happens to the optimal solution for each of the
The Excel Sensitivity Report for this problem is shown in Screenshot below. Calculate and explain what happens to the optimal solution for each of the following situations. Each question is independent of the other questions.
a You acquire additional pounds of material.
b You acquire additional hours of labor.
c You give up hour of labor and get pounds of material.
d The profit contributions for both products and are changed to $ each.
e You have decided to introduce a new product that has a profit contribution of $ Each unit of this product will use hour of labor, pound of material, and square feet of storage space.
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