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The following is a linear programming model for analyzing the product mix of Maxine's Hat Company, which produces three hat types: Maximize: Z = $
The following is a linear programming model for analyzing the product mix of Maxine's Hat Company, which produces three hat types: Maximize: Z$ X$ X$ X Subject to: X X Xmachine A time X X Xmachine B time X X Xmachine C time X X and X The POM for Windows printout below shows the optimal solution to the problem. a Results Screen b Ranging screen Consider each of the following statements independently, and state whether it is true or false. Explain each answer. A Unknown, because the optimal value of Hat should be recalculated with the new selling price. B False, because the optimal value of Hat would remain at its current value until its price increases above $ C True, because the reduced cost of Hat is $ D True, because the price of Hat increased more than of its current price.
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