In a production process model such as Repco’s, certain inputs make no sense in the usage table (the range B7:D9 of the model). For example, suppose that, in addition to current usages, each unit of...


In a production process model such as Repco’s, certain inputs make no sense in the usage table (the range B7:D9 of the model). For example, suppose that, in addition to current usages, each unit of drug A requires one unit of drug C. Why does this result in a nonsensical problem? What happens if you run Solver on it anyway? What happens if you run Solver on it after adding a constraint that the sum of the units produced (over all three drugs) must be at least 1?


=B7*Price2^C7 in cell B11. (To minimize range name conflicts, we used the names Price1, Unit_cost1, and Profit1 for the linear demand model, and we used Price2, Unit_cost2, and Profit2 for the constant elasticity model.)


=(B9-C9)^2 in cell D9 and copying it down to cell D13.



Dec 23, 2021
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here