Essay
The binding constraints for this problem are the first and second.
a.Keeping c2 fixed at 2, over what range can c1 vary before there is a change in the optimal solution point?
b.Keeping c1 fixed at 1, over what range can c2 vary before there is a change in the optimal solution point?
c.If the objective function becomes Min 1.5x1 + 2x2, what will be the optimal values of x1, x2, and the objective function?
d.If the objective function becomes Min 7x1 + 6x2, what constraints will be binding?
e.Find the dual price for each constraint in the original problem.
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