A8 A company makes four different products, A, B, C, D. Each requires time on three different machines and each machine has a limited time. Rolling has 28 hours, cutting has 34 hours, and welding has21 hours. The table lists the time for each machine and profit.Rolling MachineCutting MachineWelding MachineProfitA1.71.11.626JShow Transcribed TextB2.12.51.335C1.41.71.69125D2.42.60.837a) What is Standard Format for this problem?b) What is the production mix and what is the profit?c) What is the reduced cost of product A? What does this mean?d) What is the shadow price on the Rolling Machine? What does this mean?

For the given situation, let me formulate the LP,

Answered: A company makes four different…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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