{"id":77398,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/economics-problems-assignment-set"},"modified":"2017-08-18T07:19:41","modified_gmt":"2017-08-18T07:19:41","slug":"economics-problems-assignment-set","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/economics-problems-assignment-set\/","title":{"rendered":"Economics problems Assignment Set\u2026\u2026\u2026\u2026\u2026\u2026\u2026"},"content":{"rendered":"<p><a class=\"economics-problems-assignment-set-4\/\"><\/a> <\/p>\n<fieldset>\n  <span style=\"font-size: x-large\">Minimize (costs) Z = 4X1 + 8X2 <\/p>\n<p>Subject to Fiber 5X1 + 8X2 &gt; 40<br \/> Protein 6X1 + 4X2 &gt; 24<br \/> X1, X2 &gt; 0<\/p>\n<p>a.) What is the optimal value of the objective function?<br \/> b.) What are the optimal values of the two decision variables?<br \/> c.) Find the range of optimality for each objective function coefficient.<br \/> d.) How would a decrease of $1 in the X1 coefficient of the objective function affect the optimal values of the decision variables?<br \/> e.) How would a decrease of $1 in the X1 coefficient of the objective function affect the optimal value of the objective function?<br \/> f.) What is the dual value (AKA \u2013\u201cshadow price\u201d) for the RHS of the protein constraint?<br \/> g.) What is the range of feasibility of the dual value for the RHS of the protein constraint?<br \/> h.) What impact on total cost would a decrease of 2 units in the RHS of the protein constraint have? Please explain the rationale for your answer<\/p>\n<p><\/span><br \/>\n <\/fieldset>\n<p> <i class=\"clear padded\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Minimize (costs) Z = 4X1 + 8X2 Subject to Fiber 5X1 + 8X2 &gt; 40 Protein 6X1 + 4X2 &gt; 24 X1, X2 &gt; 0 a.) What is the optimal value of the objective function? b.) What are the optimal <a href=\"https:\/\/www.benedictsol.com\/blogs\/economics-problems-assignment-set\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-77398","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/77398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=77398"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/77398\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=77398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=77398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=77398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}