Solve This Problem Graphically

question 60

Essay

Solve this problem graphically.What is the optimal solution and what constraints are binding at the optimal solution?
MIN: ^{7 X}₁ ^{+ 3 X}₂
Subject to: ^{4 X}₁ ^{+ 4 X}₂ ^{≥ 40}
2 X₁ + 3 X₂ ≥ 24 X₁,X₂ ≥ 0

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Definitions:

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