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Solve the following linear program graphically: Maximise: , x + 4 y ( Total Profit ) Subject t o : 5 x + 3 y

Solve the following linear program graphically:
Maximise: ,x+4y
(Total Profit)
Subject to: 5x+3y,,60
,2x-5y,,-10
,x,y,,0
(constraint 1)
(constraint 2)
(Non-negativity constraint)
This linear program has been solved numerically using Solver in Excel and an inexperienced person has looked at the solution and believes that the following four statements to be true:
(1) opportunity cost associated with x is 4.67(to two decimal places)
(2) opportunity cost associated with y is zero
(3) shadow price associated with constraint 1 is 1.33(to two decimal places)
(4) shadow price associated with constraint 2 is zero
Taking each of the four statements above in turn, explain whether it is true or not and why.
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