Consider the following linear program:
The Management Scientist provided the following solution output:
OPTIMAL SOLUTION
Objective Function Value = 20.000
MIAX Profit
s.t.
OBJECTIVE COEFFICIENT RANGES
RIGHT HAND SIDE RANGES
a.What is the optimal solution including the optimal value of the objective function?
b.Suppose the profit on x1 is increased to $7.Is the above solution still optimal? What is the value of the objective function when this unit profit is increased to $7?
c.If the unit profit on x2 was $10 instead of $4,would the optimal solution change?
d.If simultaneously the profit on x1 was raised to $5.5 and the profit on x2 was reduced to $3,would the current solution still remain optimal?
Correct Answer:
Verified
b. Optimal solution will...
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