Maximize profit 4D + 3W With constraints Time 3D + 2W ≤ 150 Cost 2D + 4W ≤ 220 D, W ≥ 0 We saw the best point was (20, 45) with profit 215. 3 write true or false and explain either response to this – the shadow price of .125 on the cost constraint means that if the right hand side of the constraint (the 220) is anywhere between 100 and 300 then each 1 unit increase in this RHS (say from 100 to 101) will increase profit by 12.5 cents and any 1 unit decrease in this RHS will decrease profit 12.5 cents,
Maximize profit 4D + 3W With constraints Time 3D + 2W ≤ 150 Cost 2D + 4W ≤ 220 D, W ≥ 0 We saw the best point was (20, 45) with profit 215. 3 write true or false and explain either response to this – the shadow price of .125 on the cost constraint means that if the right hand side of the constraint (the 220) is anywhere between 100 and 300 then each 1 unit increase in this RHS (say from 100 to 101) will increase profit by 12.5 cents and any 1 unit decrease in this RHS will decrease profit 12.5 cents,
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
Maximize profit 4D + 3W
With constraints
Time 3D + 2W ≤ 150
Cost 2D + 4W ≤ 220
D, W ≥ 0 We saw the best point was (20, 45) with profit 215.
3 write true or false and explain either response to this – the shadow price of .125 on the cost constraint means that if
the right hand side of the constraint (the 220) is anywhere between 100 and 300 then each 1 unit increase in this RHS
(say from 100 to 101) will increase profit by 12.5 cents and any 1 unit decrease in this RHS will decrease profit 12.5
cents,
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