Solve the Following LP Problem Graphically Using Level Curves

question 41

Essay

Solve the following LP problem graphically using level curves.
MAX: ^{5 X}₁ ^{+ 3 X}₂
Subject to: ^{2 X}₁ ^{− 1 X}₂ ^{≤ 2}
6 X₁ + 6 X₂ ≥ 12
1 X₁ + 3 X₂ ≤ 5 X₁,X₂ ≥ 0

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Definitions:

Account

A document detailing all the transactions related to a particular element within the accounting equation.

Ordinary Annuity

Invariable payments issued at the terminal of consecutive intervals over an exact length of existence.

Nominal Interest

The rate of interest before adjustments for inflation, as opposed to real interest rates which are adjusted.

Effective Rate

The actual annual interest rate that is earned or paid on an investment, taking compounding into account.