Consider the Sensitivity Analysis Report That Follows A)200 to 450
B)150 to 240
C)200 to 300
D)40

question 14

Multiple Choice

Consider the sensitivity analysis report that follows.The shadow price of $0.6 is valid as long as the right-hand constraint of 240 is within the range of ______. $$\begin{array} { | l | l | l | l | l | l | l | } \hline \text { Cell } & \text { Name } & \begin{array} { l } \text { Final } \\\text { Value }\end{array} & \begin{array} { l } \text { Shadow } \\\text { Price }\end{array} & \begin{array} { l } \text { Constraint } \\R \mathrm { H } \text {. Side }\end{array} & \begin{array} { l } \text { Allowable } \\\text { Increase }\end{array} & \begin{array} { l } \text { Alowable } \\\text { Decrease }\end{array} \\\hline \$ 1 \$ 7 & \begin{array} { l } < = \\\text { Usage }\end{array} & 240 & 0.6 & 240 & 210 & 40 \\\hline \$ 1 \$ 8 & \begin{array} { l } < = \\\text { Usage }\end{array} & 150 & 3.2 & 150 & 30 & 70 \\\hline\end{array}$$

• A)200 to 450
• B)150 to 240
• C)200 to 300
• D)40 to 210

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Definitions:

Adam Smith

An 18th-century Scottish economist and philosopher, best known for his works "The Wealth of Nations," which laid the foundations for classical free market economic theory.

Free Market

An economic system where prices for goods and services are determined by the open market and consumers, in contrast to a controlled economy.

Religious Liberty

The freedom to practice one’s religion without interference from the government or discrimination by others, protected by law in many democratic societies.

Buying And Selling

The basic acts of commerce and trade where goods or services are exchanged between buyers and sellers, typically for money.