Stats Solutions

[All Steps] Consider this LP formulation: min x+2y , s.t. , x+3y≥ 90 , 8x+2y≥ 160 , 3x+2y≥ 120 , y≤ 70 , x,y≥ 0 , Graphically illustrate

Question: Consider this LP formulation:

\[\begin{aligned} & \min \,\,\,x+2y \\ & \text{s}\text{.t}\text{.} \\ & x+3y\ge \text{90} \\ & 8x+2y\ge 160 \\ & 3x+2y\ge 120 \\ & y\le 70 \\ & x,y\ge 0 \\ \end{aligned}\]

Graphically illustrate the feasible region and apply the isocost line procedure to indicate which corner point produces the optimal solution. What is the cost of this solution?

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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