Solve entirely and correctly, DONOT Miss any part.

for 600 units of component 1 that must be satisfied. The profit contributions for components 1,2 , and 3 are $8, $6, and $9, respectively. (a) Formulate and solve for the recommended production quantities. component 1 component 2 component 3 units units units Interpret these ranges for company management. Changes in the profit coefficients outside these ranges will not cause a change in the optimal number of components to produce. Changes in the profit coefficients within these ranges will cause changes in the optimal number of components to produce. Changes in the profit coefficients within these ranges will not cause a change in the optimal number of components to produce. Interpret these ranges for company management. These are the ranges over which the dual values for the associated constraints are applicable. These are the ranges over which the dual values for the associated constraints are not applicable. These are the ranges over which the reduced costs for the associated constraints are not applicable. These are the ranges over which the reduced costs for the associated constraints are applicable. (d) If more time could be made available on the grinder, how much would it be worth? Every additional minute on the grinder increases profits by $3. Every additional minute on the grinder decreases profits by $1. Every additional minute on the grinder increases profits by $1.50. Nothing, since there are 300 minutes of slack time on the grinder at the optimal solution. (e) If more units of component 3 can be sold by reducing the sales price by $4, should the company reduce the price? Yes. At that price, it would be profitable to produce 700 units of component 3. Yes. Every additional unit of component 3 increases profits by $3. No. There is a slack of 300 units so selling more would not improve profits. No. At that price, it would not be profitable to produce any of component 3 . for 600 units of component 1 that must be satisfied. The profit contributions for components 1,2 , and 3 are $8, $6, and $9, respectively. (a) Formulate and solve for the recommended production quantities. component 1 component 2 component 3 units units units Interpret these ranges for company management. Changes in the profit coefficients outside these ranges will not cause a change in the optimal number of components to produce. Changes in the profit coefficients within these ranges will cause changes in the optimal number of components to produce. Changes in the profit coefficients within these ranges will not cause a change in the optimal number of components to produce. Interpret these ranges for company management. These are the ranges over which the dual values for the associated constraints are applicable. These are the ranges over which the dual values for the associated constraints are not applicable. These are the ranges over which the reduced costs for the associated constraints are not applicable. These are the ranges over which the reduced costs for the associated constraints are applicable. (d) If more time could be made available on the grinder, how much would it be worth? Every additional minute on the grinder increases profits by $3. Every additional minute on the grinder decreases profits by $1. Every additional minute on the grinder increases profits by $1.50. Nothing, since there are 300 minutes of slack time on the grinder at the optimal solution. (e) If more units of component 3 can be sold by reducing the sales price by $4, should the company reduce the price? Yes. At that price, it would be profitable to produce 700 units of component 3. Yes. Every additional unit of component 3 increases profits by $3. No. There is a slack of 300 units so selling more would not improve profits. No. At that price, it would not be profitable to produce any of component 3