Using the sensitivity report, answer the following questions. Note: You are not allowed to re-solve the LP for these questions; please explain how you use the report in your answer. What is the marginal value of a pound of pine bark? Over what range of pine bark quantity is this marginal value appropriate? Suppose the manager is able to rent more machines and obtain more machine time, i.e., over 600 minutes currently available. Do you think that obtaining additional machine time will be valuable? Why? If profits on chips increased to $8 per bag, would the optimal quantities change? Would the value of the total profit at the optimal solution change? If so, how large is the new profit? What should the minimum price of mini-nuggets be so that the store optimally produces them

Answer rating: 100% (QA)

To answer these questions using the sensitivity report without resolving the LP well focus on understanding the shadow prices also known as dual value... View the full answer