solve question Refer to the Sensitivity Report. Suppose thecompany has the opportunity to sell 500feet of Sheet Metal for $3 more than theypaid for it. Should they sell the Sheet Metal?Explain your reasoning.Changing CellsFinalReducedObjective Allowable AllowableCellNameValueCostCoefficientIncreaseDecreaseSB$4Product 1-2611026IE+30SC$4Product 25815015070IE+3032SD$4Product 3-81008SE$4Product 427200175ConstraintsConstraint Allowable AllowableFinalShadowCellNameValuePriceR.H. SideIncreaseDecreaseSG$8Labor, Hours7508.750400300$G$9Machine 1, Hours2508.2507550$G$10 Machine 2, Hours42050010080$G$11Sheet Metal, Feet3,80043800300780

Given data is Additional price = $3 Quantity to sell = 500 feet of sheet metal Shadow price = 4

Answered: Refer to the Sensitivity Report.…

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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