Qmb 3602 Final Exam Answered 100%

QMB 3602 Final Exam Answered 100%which of the following represents the marginal gain in the objective value that would occur if one more unit of a resource were added? - ans-shadow pricethe process of determining the effect of changing objective function coefficients, right hand side values of constraints, and decision variable values on a linear program is known as - ans-what-if analysisFor a problem with two decision variables, which of the following statements about what-if analysis is true?I. What if analysis can be done graphicallyII. Solver will generate reports to assist with what if analysisIII. Shadow prices will not be valid with only two decision variables - ans-Only I and II are trueA parameter in a linear programming problem is said to be "sensitive" when - ans-small changes in the parameter lead to changes in the optimal solutionIf the objective function coefficient for a product is increased to a value above the allowable increase - ans-the optimal solution would changeandthe product would enter the solution (final value of the variable product would be greater than zero)if the objective function coefficient for a product decreased within the allowable range - ans-the optimal objective function value would stay