Question
There is a slight variation of numbers in the textbook chart compared to the excel chart. The chart from the textbook picture needs to be
There is a slight variation of numbers in the textbook chart compared to the excel chart. The chart from the textbook picture needs to be ignored. 1 (4 Points):What is the optimal solution (hint:before answering this, look at how you answered Question 5 on Excel Exercise Part 1)? 2. (4 Points):What would happen to the optimal solution if the cost per pound of raisins decreaed by nineteen cents (remember how you defined optimal solution in Problem 1)? 3. (4 Points):What would happen to the optimal solution if the cost per pound of grain increased by thirty-seven cents (remember how you defined optimal solution in Problem 1)? 4.(4 Points):Considering the four nutritional constraints (vitamins, minerals, protein, and calories), explain why the shadow prices of protein and calories are zero and the shadow prices of vitamins and minerals are non-zero.the phrases "binding constraint" and "non-binding constraint should be included." 5. (4 Points):In the Constraints portion of the sensitivity analysis, use the shadow price for "Amount (lbs) Total" to determine the total cost of the mix if the amount of mix increased from 2 to 2.02 pounds....there is a change!
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