Question
Consider the sensitivity report below for a cost minimization problem. a) What is the value of the objective function for the optimal solution? b) What
Consider the sensitivity report below for a cost minimization problem.
a) What is the value of the objective function for the optimal solution?
b) What will be the change in the objective value if the phosphate required in the fertilizer is increased by 18 units?
Round your answer to 1 decimal place.
c) What will be the change in the objective value if the potassium required in the fertilizer is increased by 2.1 units?
Round your answer to 1 decimal place.
d) What will be the new total cost if the cost per unit of Ingredient 1 increases by 1.88?
Round your answer to 2 decimal places.
e) If you increase the amount of nitrogen required by the maximum allowed increase without changing its shadow price, what will be thechangein the total cost?
f) If you increase the amount of potassium required by the maximum allowed increase without changing its shadow price, what will be thechangein the total cost?
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