Kindly give me a detail response, please make sure every nuance is taken into consideration and I can properly follow your solution.Thank you very much. 3-63. A company manufactures two products, A and B. The unit revenues are$2 and $3, respectively. Two raw materials, M1 and M2, used in themanufacture of the two products have daily availabilities of 8 and 18 units,respectively. One unit of A uses 3 units of M1 and 2 units of M2, and 1 unit ofB uses 2 units of M1 and 6 units of M2.a. Determine the dual prices of M1 and M2 and their feasibility ranges.b. Suppose that 4 additional units of M1 can be acquired at the cost of 30cents per unit. Would you recommend the additional purchase?c. What is the most the company should pay per unit of M2?d. If M2 availability is increased by 5 units, determine the associatedoptimum revenue.*Dual price is another name for shadow price.

Answered: Image /qna-images/answer/d0fde173-a22f-41e5-9587-47980c9362e1.jpg

A company manufactures two products, A and B. The unit revenues are d $3, respectively. Two raw materials, M1 and M2, used in the facture of the two products have daily availabilities of 8 and 18 units, ctively. One unit of A uses 3 units of M1 and 2 units of M2, and 1 unit of s 2 units of M1 and 6 units of M2. a. Determine the dual prices of M1 and M2 and their feasibility ranges.

A company manufactures two products, A and B. The unit revenues are d $3, respectively. Two raw materials, M1 and M2, used in the facture of the two products have daily availabilities of 8 and 18 units, ctively. One unit of A uses 3 units of M1 and 2 units of M2, and 1 unit of s 2 units of M1 and 6 units of M2. a. Determine the dual prices of M1 and M2 and their feasibility ranges.

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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