Consider the linear program below and answer the following.Max 3A + 2Bs.t.1A + 1B ≤ 103A + 1B ≤ 261A + 2B ≤ 18Α, Β Σ Ο(a) Use the graphical solution procedure to find the optimal solution.What is the value of the objective function at the optimal solution?at (A, B) =(b) Assume that the objective function coefficient for A changes from 3 to 5. Use the graphical solution procedure to find the new optimal solution.Does the optimal solution change?The extreme point-Select--- optimal. The value of the objective function becomes(c) Assume that the objective function coefficient for A remains 3, but the objective function coefficient for B changes from 2 to 4. Use the graphical solution procedure to find the new optimal solution.Does the optimal solution change?The extreme point---Select--- optimal. The value of the objective function becomes

Answered: Consider the linear program below and…

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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