Essay
Consider the following linear program:
The Management Scientist provided the following solution output:
OPTIMAL SOLUTION
Objective Function Value = 27.000
MIN cost
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 unit cost of x1 is decreased to $4.Is the above solution still optimal? What is the value of the objective function when this unit cost is decreased to $4?
c.How much can the unit cost of x2 be decreased without concern for the optimal solution changing?
d.If simultaneously the cost of x1 was raised to $7.5 and the cost of x2 was reduced to $6,would the current solution still remain optimal?
e.If the right-hand side of constraint 3 is increased by 1,what will be the effect on the optimal solution?
Correct Answer:

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, and the objective function val...View Answer
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