LINGO output is given for the following linear programming problem.
MIN 12 X1 + 10 X2 + 9 X3
SUBJECT TO
2)5 X1 + 8 X2 + 5 X3 >= 60
3)8 X1 + 10 X2 + 5 X3 >= 80
END
LP OPTIMUM FOUND AT STEP 1
OBJECTIVE FUNCTION VALUE
1)80.000000 NO.ITERATIONS= 1
RANGES IN WHICH THE BASIS IS UNCHANGED:
a.What is the solution to the problem?
b.Which constraints are binding?
c.Interpret the reduced cost for x1.
d.Interpret the dual price for constraint 2.
e.What would happen if the cost of x1 dropped to 10 and the cost of x2 increased to 12?
Correct Answer:
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