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machine are as follows. begin{tabular}{|c|c|c|} hline & multicolumn{2}{|c|}{ Machine } hline Component & Shaper & Grinder hline 1 & 6 & 4
machine are as follows. \begin{tabular}{|c|c|c|} \hline & \multicolumn{2}{|c|}{ Machine } \\ \hline Component & Shaper & Grinder \\ \hline 1 & 6 & 4 \\ \hline 2 & 4 & 5 \\ \hline 3 & 4 & 2 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Component & Selling Price & Material Cost & Labor Cost \\ \hline 1 & $25 & $12 & $5 \\ \hline 2 & $18 & $8 & $4 \\ \hline 3 & $27 & $13 & $5 \\ \hline \end{tabular} (a) For each component, calculate the profit margin (in dollars, profit margin = selling price - material cost - labor cost). component 1 \$ component 2 \$ component 3$ Formulate and solve for the recommended production quantities that will maximize contribution to profit. component 1 units component 2 units component 3 units (b) What are the objective coefficient ranges (in dollars) for the three components? (If there is no upper or lower limit, enter NO LIMIT. Round your answers to two decimal places.) component 1 \$ $ component 2 to \$ component 3 \$ $ to $ Interpret these ranges for company management. Individual changes in the profit coefficients outside these ranges will not cause a change in the optimal number of components to produce. Individual changes in the profit coefficients within these ranges will not cause a change in the optimal number of components to produce. Individual changes in the profit coefficients within these ranges will cause changes in the optimal number of components to produce. (c) What are the right-hand-side ranges? (Use minutes for time. If there is no upper or lower limit, enter NO LIMIT. Round your answers to the nearest integer.)
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