Question: This output describes a two variable linear program, solved in Excel to optimality. The output shown below is the final output, after the problem has

This output describes a two variable linear program, solved in Excel to optimality. The output shown
below is the final output, after the problem has been fully solved. The problem has 2 variables, three
(non-trivial) constraints and two non-negativity constraints. The second part of the output describes
the sensitivity analysis for this problem. The objective is of a MAXIMIZATION type (=MAX 7X1+10X2). HINT: Please watch the sensitivity report carefully. USE THE CONSTRAINT RIGHT HAND SIDES AND THE
OBJECTIVE COEFFICIENT VALUES TO MAP THE DUAL VARIABLES TO THE CONSTRAINTS. For instance,
the dual variable value (shadow price) of 7 corresponds to the constraint with a Right hand side (RHS) of
40. Make a note of this as you answer the problems. So $J$8 is X1<=50; $J$9 is X2<=60; and $J$10 is
X1+2X2<=40 Which of the following statements is true?
If the objective function coefficient for X1 is changed from 7X1 to 6X1, the new optimal solution value is 240.
If the objective function coefficient for X2 is changed from 10X2 to 15X2, the optimal corner point remains the same at (40,0).
If the objective function coefficient for X1 is changed from 7X1 to 6X1, the new optimal solution value is 200 because the best corner point does not change for this level of change.
The objective coefficient for X2 can be increased without bound and the optimal corner point will always stay the same.

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