Profit The new optimum solution value or profit is calculated by the given formula: New value = Old value – ( Key column value × Key row value ) / Key value The key row value can be calculated by the given formula:

Question

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Answer 1

Expert Solution & Answer

Chapter 5, Problem 15RP

a.

Explanation of Solution

Profit

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

b.

Explanation of Solution

Pay for additional labour

From the LINDO output, the shadow price of row 7 is 43.82.

Here labours can be purchased at $15 per hour.

Hence the pay for additional labour is given by
...

c.

Explanation of Solution

Pay for another bushel of alfalfa

From the LINDO output, the shadow price of row 4 is 11.76...

d.

Explanation of Solution

Optimum solution

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Expert Solution & Answer

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Check out a sample textbook solution

See solution

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Answer 2

Expert Solution & Answer

Chapter 5, Problem 15RP

a.

Explanation of Solution

Profit

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

b.

Explanation of Solution

Pay for additional labour

From the LINDO output, the shadow price of row 7 is 43.82.

Here labours can be purchased at $15 per hour.

Hence the pay for additional labour is given by
...

c.

Explanation of Solution

Pay for another bushel of alfalfa

From the LINDO output, the shadow price of row 4 is 11.76...

d.

Explanation of Solution

Optimum solution

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Expert Solution & Answer

Chapter 5, Problem 15RP

a.

Explanation of Solution

Profit

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

b.

Explanation of Solution

Pay for additional labour

From the LINDO output, the shadow price of row 7 is 43.82.

Here labours can be purchased at $15 per hour.

Hence the pay for additional labour is given by
...

c.

Explanation of Solution

Pay for another bushel of alfalfa

From the LINDO output, the shadow price of row 4 is 11.76...

d.

Explanation of Solution

Optimum solution

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Expert Solution & Answer

Chapter 5, Problem 15RP

a.

Explanation of Solution

Profit

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

b.

Explanation of Solution

Pay for additional labour

From the LINDO output, the shadow price of row 7 is 43.82.

Here labours can be purchased at $15 per hour.

Hence the pay for additional labour is given by
...

c.

Explanation of Solution

Pay for another bushel of alfalfa

From the LINDO output, the shadow price of row 4 is 11.76...

d.

Explanation of Solution

Optimum solution

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Expert Solution & Answer

Answer 6

Expert Solution & Answer

Answer 7

Chapter 5, Problem 15RP

a.

Explanation of Solution

Profit

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

b.

Explanation of Solution

Pay for additional labour

From the LINDO output, the shadow price of row 7 is 43.82.

Here labours can be purchased at $15 per hour.

Hence the pay for additional labour is given by
...

c.

Explanation of Solution

Pay for another bushel of alfalfa

From the LINDO output, the shadow price of row 4 is 11.76...

d.

Explanation of Solution

Optimum solution

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Answer 8

Chapter 5, Problem 15RP

a.

Explanation of Solution

Profit

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Answer 9

Chapter 5, Problem 15RP

a.

Explanation of Solution

Profit

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Answer 10

b.

Explanation of Solution

Pay for additional labour

From the LINDO output, the shadow price of row 7 is 43.82.

Here labours can be purchased at $15 per hour.

Hence the pay for additional labour is given by
...

Answer 11

b.

Explanation of Solution

Pay for additional labour

From the LINDO output, the shadow price of row 7 is 43.82.

Here labours can be purchased at $15 per hour.

Hence the pay for additional labour is given by
...

Answer 12

c.

Explanation of Solution

Pay for another bushel of alfalfa

From the LINDO output, the shadow price of row 4 is 11.76...

Answer 13

c.

Explanation of Solution

Pay for another bushel of alfalfa

From the LINDO output, the shadow price of row 4 is 11.76...

Answer 14

d.

Explanation of Solution

Optimum solution

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Answer 15

d.

Explanation of Solution

Optimum solution

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Answer 16

Expert Solution & Answer

Answer 17

Expert Solution & Answer

Answer 18

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Answer 19

Ch. 5.1 - Prob. 1P Ch. 5.1 - Prob. 2P Ch. 5.1 - Prob. 3P Ch. 5.1 - Prob. 4P Ch. 5.1 - Prob. 5P Ch. 5.2 - Prob. 1P Ch. 5.2 - Prob. 2P Ch. 5.2 - Prob. 3P Ch. 5.2 - Prob. 4P Ch. 5.2 - Prob. 5P

Profit The new optimum solution value or profit is calculated by the given formula: New value = Old value – ( Key column value × Key row value ) / Key value The key row value can be calculated by the given formula:

Solution Summary: The author explains that the new optimum solution value or profit is calculated by the given formula: New value = Old value –(TextKey column value)/Key value

Explanation of Solution

Profit

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Explanation of Solution

Pay for additional labour

From the LINDO output, the shadow price of row 7 is 43.82.

Here labours can be purchased at $15 per hour.

Hence the pay for additional labour is given by
...

Explanation of Solution

Pay for another bushel of alfalfa

From the LINDO output, the shadow price of row 4 is 11.76...

Explanation of Solution

Optimum solution

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Want to see the full answer?

Chapter 5 Solutions

Profit The new optimum solution value or profit is calculated by the given formula: New value = Old value – ( Key column value × Key row value ) / Key value The key row value can be calculated by the given formula:

Solution Summary: The author explains that the new optimum solution value or profit is calculated by the given formula: New value = Old value –(TextKey column value)/Key value

Explanation of Solution

Profit The new optimum solution value or profit is calculated by the given formula: New value = Old value – (Key column value × Key row value) / Key value The key row value can be calculated by the given formula:

Explanation of Solution

Pay for additional labour From the LINDO output, the shadow price of row 7 is 43.82. Here labours can be purchased at $15 per hour. Hence the pay for additional labour is given by ...

Explanation of Solution

Pay for another bushel of alfalfa From the LINDO output, the shadow price of row 4 is 11.76...

Explanation of Solution

Optimum solution The new optimum solution value or profit is calculated by the given formula: New value = Old value – (Key column value × Key row value) / Key value The key row value can be calculated by the given formula:

Want to see the full answer?

Chapter 5 Solutions

Profit

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Pay for additional labour

From the LINDO output, the shadow price of row 7 is 43.82.

Here labours can be purchased at $15 per hour.

Hence the pay for additional labour is given by
...

Pay for another bushel of alfalfa

From the LINDO output, the shadow price of row 4 is 11.76...

Optimum solution

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula: