For this you will need to submit 2 documents. A word document with your answers typed out and an excel file with your supporting work. Remember to always start with the original LP for each question #2) Solve the following LP Maximize $4x + $5y Subject to 2x + 3y s 20 (labor, in hours) 6x + 6y s 36 (materials, in pounds) 4x + 4y s 40 (storage, in square feet) x, y 20 a) Write the original optimal solution and objective function value. b) What happens to the optimal solution and objective function value if you acquire 2 additional pounds of material? c) What happens to the optimal solution and objective function value if you acquire 1.5 additional hours of labor? d) What happens to the optimal solution and objective function value if you give up 1 hour of labor and get 1.5 pounds of material?
For this you will need to submit 2 documents. A word document with your answers typed out and an excel file with your supporting work. Remember to always start with the original LP for each question #2) Solve the following LP Maximize $4x + $5y Subject to 2x + 3y s 20 (labor, in hours) 6x + 6y s 36 (materials, in pounds) 4x + 4y s 40 (storage, in square feet) x, y 20 a) Write the original optimal solution and objective function value. b) What happens to the optimal solution and objective function value if you acquire 2 additional pounds of material? c) What happens to the optimal solution and objective function value if you acquire 1.5 additional hours of labor? d) What happens to the optimal solution and objective function value if you give up 1 hour of labor and get 1.5 pounds of material?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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