Use the Method of Corners to Solve the Problem

question 214

Multiple Choice

Use the method of corners to solve the problem. Find the range of values that the coefficient of x can assume without changing the optimal solution.
Find the range of values that requirement 1 can assume.
Find the shadow price for requirement 1.
Identify the binding and nonbinding constraints.

• A) x = 40, y = 20, P = 220 1 The first two constraints are binding; the third is nonbinding.
• B) x = 40, y = 20, P = 230 1 The first two constraints are binding; the third is nonbinding.
• C) x = 40, y = 20, P = 220 2 The first two constraints are binding; the third is nonbinding.
• D) ​x = 20, y = 40, P = 220 1 The first two constraints are binding; the third is nonbinding. ​

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