Quality Bike Maps has produced four map designs for the local area. A limited amount of time (in minutes) is allocated to the printing, cutting and folding of each map. Additionally, at least one thousand of map designs A, B, and C must be printed. The profit per map is $1 for A and B and $2 for C and D. Use the Report below and assume the current objective function value is $10,166.67, to determine the new objective function value if the profit for Map D increases by $1.

since 1 <= allowable increase

optimal solution won't change

hence

1500 * 1 + 1000*1 + 1000*2 + 2833.33* 3

=  13000

Note: Complete question is added in the attachment

answer; lags, push the econ below the natural level of output;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.