Solve the Following LP Problem Graphically Using Level Curves

question 51

Short Answer

Solve the following LP problem graphically using level curves.
$$\begin{array} { l l } \text { MAX: } & 7 X _ { 1 } + 4 X _ { 2 } \\\text { Subject to: } & 2 X _ { 1 } + X _ { 2 } \leq 16 \\& X _ { 1 } + X _ { 2 } \leq 10 \\& 2 X _ { 1 } + 5 X _ { 2 } \leq 40 \\& X _ { 1 } X _ { 2 } \geq 0\end{array}$$

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Net Exports

Net Exports is the value of a country's total exports minus the value of its total imports, indicating whether a country is a net exporter or importer.

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Gross Domestic Product of the United States, measuring the total economic output of goods and services.

Investment Spending

The expenditure on new physical capital, such as buildings and machinery, by businesses, and includes construction of new homes by households.

New Structures

Refers to recently constructed buildings or engineering projects.