Question
Use the following problem statement to answer questions 1-6. Gale wants to determine the values of X1 and X2 to maximize total profit. The two
Use the following problem statement to answer questions 1-6.
Gale wants to determine the values of X1 and X2 to maximize total profit. The two types of biscuits require the following resources: sausage, ham, flour, and labor. The linear model and the sensitivity report are given as below. Round to two decimal places.
1. If he can obtain additional ham and flour, but not both, which one should he select?
Group of answer choices
ham
flour
2. By how much would total profit increase if he could increase the amount of ham from 100 to 120 pounds in C2
Group of answer choices
20
0
3. Gale thinks that the profit contribution of Product 1 is too low to make profit. By how much would the profit contribution of Product 1 have to change to make it worthwhile to produce the product?
Group of answer choices
4
30
4. A local supplier offers to sell Gale 100 pounds of flour for $9 per pound. What should he do?
Group of answer choices
buy 100 pounds of flour for $9 per pound
refuse to buy any flour
5. By how much would total profit increase if he could obtain additional two hours of labor in C4?
Group of answer choices
0
30
6. By how much would total profit increase if he could increase the amount of flour from 40 to 50 pounds in C3?
Group of answer choices
80
125
0
X1=no.ofsausagebiscuitsX2=no.ofhambiscuitsMaxZ=10X1+80X2C1:2X1+6X2200Sausage(lb.)C2:2X1+2X2100Ham(lb.)C3:5X1+10X240Flour(lb.)C4:2X280.Labor(hr.)C5:X1,X20 X1=no.ofsausagebiscuitsX2=no.ofhambiscuitsMaxZ=10X1+80X2C1:2X1+6X2200Sausage(lb.)C2:2X1+2X2100Ham(lb.)C3:5X1+10X240Flour(lb.)C4:2X280.Labor(hr.)C5:X1,X20Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started