What are the objective coefficients ranges for the three components? If required, round your answers to two decimal places.

Variable Objective Coefficient Range

C$1$

No Lower Limit

to

$-$ Select your answer $-$

C$2$

$5\mathrm{.}33$

to

$-$ Select your answer $-$

C$3$

$-$ Select your answer $-$

to

No Upper Limit

Interpret these ranges for company management.

Individual changes in the profit coefficients

within

these ranges will not cause a change in the optimal number of components to produce.

$($c$)$ What are the right$-$hand$-$side ranges?

Constraint Right$-$Hand$-$Side Range

$1$

$-$ Select your answer $-$

to

$-$ Select your answer $-$

$2$

$-$ Select your answer $-$

to

No Upper Limit

Interpret these ranges for company management.

These are the ranges over which the shadow prices for the associated constraints

$-$ Select your answer $-$

applicable.

$($d$)$ If more time could be made available on the grinder, how much would it be worth? Explain.

It would be worth nothing

$,$ because the constraint related to the time available on the grinder

$-$ Select your answer $-$

binding.

$($e$)$ If more units of component $3$ can be sold by reducing the sales price by $$4,$ should the company reduce the price?

No

$,$ because the production of component $3$ would be

less

profitable than the production of the other two components and at the reduced price

none

of component $3$ would be produced.