Solve the following LP problem graphically by enumerating the corner points.
Definitions:
Productivity
An indicator of how effectively resources are used in production, typically expressed as the proportion of produced goods to the resources consumed.
Competitive Industry
A competitive industry is one where numerous firms compete against each other to sell similar goods or services, often leading to innovation and lower prices for consumers.
Marginal Cost Curve
A graphical representation showing how the cost of producing one more unit of a good varies as the production quantity changes.
Profit-maximizing
The process or goal of increasing a firm's profits to the highest possible level by adjusting output and pricing strategies.
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