Chapter 5.2, Problem 5P

a.

Explanation of Solution

Optimum solution

• The new optimum solution value is calculated by the given formula:

  $\text{New value = Old value – }\left(\text{Key column value × Key row value}\right)\text{ / Key value}$

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

  

b.

Explanation of Solution

Optimum solution

• The new optimum solution value is calculated by the given formula:

  $\text{New value = Old value – }\left(\text{Key column value × Key row value}\right)\text{ / Key value}$

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

  $Keyrowvalue=Currentkeyrowvalue/$

c.

Explanation of Solution

Cost increase

• The shadow price is the estimated price of a good or a service.
• The shadow price can be found by subtracting the original objective function value from the function va...