For the Following Linear Programming Problem,determine the Optimal Solution by the Graphical

question 37

Essay

For the following linear programming problem,determine the optimal solution by the graphical solution method.Are any of the constraints redundant? If yes,then identify the constraint that is redundant.
Max X + 2Y
s.t.X + Y < 3
X - 2Y > 0
Y < 1
X,Y $\ge$ 0

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Definitions:

Nominal Rate

The interest rate stated on a bond or loan before adjusting for inflation or other factors.

Lump Sum

A one-time payment executed at a specific moment, rather than several installments spread out over a period.

Nominal Rate

The advertised or stated interest rate on a loan or investment, not taking into account the effect of compounding or inflation.

Monthly Compounding

The process where interest earned is added to the principal sum every month, so that from that moment on, the interest that has been added also earns interest.