If the dual price for b₁ is 2.7, the range of feasibility is 20 ≤ b₁ ≤ 50, and the original value of b₁ was 30, which of the following is true? A) There currently is no slack in the first constraint. B) We would be willing to pay up to $2.70 per unit for up to 20 more units of resource 1. C) If only 25 units of resource 1 were available, profit would drop by $13.50. D) Each of the above is true.

Question

Quizplus · Accepted Answer

The dual price for b₁ is 2.7, which means that we would be willing to pay up to $2.70 per unit for up to 20 more units of resource 1. If only 25 units of resource 1 were available, profit would drop by $13.50 (25 - 30) * $2.70.

If the Dual Price for B1 Is 2

If the Dual Price for B₁ Is 2