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d . What is the marginal value ( shadow price ) of machine time? e . What impact would decreasing labor by 30 have on

d. What is the marginal value (shadow price) of machine time? e. What impact would decreasing labor by 30 have on overall profit? A garden store prepares various grades of pine bark for mulch: nuggets, mini-nuggets, and chips, with profits of \( \$ 5.50, \$ 4.25 \), and \( \$ 6.75 \) per bag respectively. The mulching process requires pine bark (400 pounds available), machine time (440 minutes available), labor time (475 minutes available). Each bag of nuggets requires 2 pounds of bark, 2 minutes of machine time and 3 minutes of labor. Each bag of mini-nuggets requires 2.5 pounds of bark, 1 minutes of machine time and 2 minutes of labor. Each bag of chips requires 3 pounds of bark, 2 minutes of machine time and 1 minutes of labor. The garden store is committed to producing at least 30 bags of chips, and 40 bags of mini-nuggets. a. How many bags of each type of mulch should be made to maximize profit? Nuggets \( = \) , mini-nuggets \( = \) , chips \( = \) b. What is the optimal profit? c. For this solution, what is the marginal value (shadow price) of a pound of pine bark?

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