Purchase Solution

Statistics - How much could the profit increase or decrease

Not what you're looking for?

Ask Custom Question

Part one: Look at the following problem and answer these questions? (See attached file)
a. How much could the profit on X increase or decrease without changing the values of X and Y in the optional solutions?
b. If the right hand side of constraint 1 were increased by 1 unit, how much would the profit increase?
c. If the right-hand side of constraint 1 were increased by 10 units, how much would profit increase?
Part two:
a. It has been said that each LP problem that has a feasible region has an infinite number of solutions. Explain?

X1 X2 RHS Dual
Maximize 5 6
Constraint 1 2 1 <= 120 .75
Constraint 2 2 3 <= 240 1.75
Solution-> 30 60 510

Variable Value Reduced Cost Original Val Lower Bound Upper Bound
X1 30 0 5 4 12
X2 60 0 6 2.5 7.5
Constraint Dual Value Slack/Surplus Original Val Lower Bound Upper Bound
Constraint 1 .75 0 120 80 240
Constraint 2 1.75 0 240 120 360

Attachments
Purchase this Solution
Solution Summary

A Complete, Neat and Step-by-step Solution is provided in the attached file.

Purchase this Solution
Free BrainMass Quizzes
Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

View More Free Quizzes
Related BrainMass Solutions

  • Cost-Benefit Analysis

    could increase, decrease, or remain constant.

  • Marketing plan for a not-for-profit

    Therefore, the organization definitely needs a marketing plan to assess how much of their million dollars they will spend on marketing, and how much they will allocate to the other costs.

  • Price Elasticity and Inelastic Demand

    (Hint: Calculate the total costs, total revenue and provide the profits for all prices. Find the profit maximizing price, and tell me how much our profits will increase if we move to the profit maximizing price.)

  • Regression analysis

    *Assets The regression coefficients can be interpreted as - For a unit increase in sales the Profits decrease by 0.00286 units - For a unit increase in Assets the Profits decrease by 0.000183 units The significance of the regression coefficients

  • Delta Co: Operating Income; Cash Flow Increase; Variable Costing Procedures

    One of the subsidiaries consumes the output of the other in the production of a good for sale to the public. The company could increase cash flows by: b.

  • Accounting problems for MBI, Inc, Pelkey Co and Spenser Co.

    No buildings were sold, and a new building costing $210,000 was purchased during the yr. how much was depreciation expense?

  • Basic Microeconomics Problems

    If the product price is $95, at its optimal output will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations.

  • Pricing strategies based on the demand curve's elasticity

    Problem: What can you say about the elasticity of the demand curve that faces the product (or service) produced by an organization? How much control might an organization have over pricing based on a product's elasticity?

  • Benefits of Managing Discounts

    Suppose Saunders salespeople discount sales another 2%, with no change in variable or fixed costs. By what percent would operating profits decrease? How does this percentage compare to the percentage increase in sales discounts?

View More Related Solutions