Graph the following LP problem and indicate the optimal solution point: Maximize profit = $3X + $2Y
Question:
Maximize profit = $3X + $2Y
Subject to 2X + Y ≤ 150
2X + 3Y ≤ 300
(a) Does the optimal solution change if the profit per unit of X changes to $4.50?
(b) What happens if the profit function should have been $3X + $3Y?
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Step by Step Answer:
Using the isoprofit line or corner point method we see that point b where X 37...View the full answer
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Related Book For 
Quantitative Analysis For Management
ISBN: 162
11th Edition
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna
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