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The Objective of a Linear Programming Problem Is to Maximize

question 46

Essay

The objective of a linear programming problem is to maximize 1.50A + 1.50B,subject to 3A + 2B ≤ 600,2A + 4B ≤ 600,1A + 3B ≤ 420,and A,B ≥ 0.
a.Plot the constraints on the grid below
c.Identify the feasible region and its corner points.Show your work.
d.What is the optimal product mix for this problem? The objective of a linear programming problem is to maximize 1.50A + 1.50B,subject to 3A + 2B ≤ 600,2A + 4B ≤ 600,1A + 3B ≤ 420,and A,B ≥ 0. a.Plot the constraints on the grid below c.Identify the feasible region and its corner points.Show your work. d.What is the optimal product mix for this problem?


Definitions:

Market Price

The present rate at which a service or asset is available for purchase or sale.

Investment Option

A financial vehicle or asset that individuals can allocate capital towards with the expectation of a future return.

Return

The profit or loss derived from an investment or transaction.

Corporate Bond

A type of bond issued by corporations to fund capital investments and operations, promising to pay back with interest.

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