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 Failure
A less than efficient allocation of resources.
Public Goods
Public goods refer to commodities or services that are made available to all members of a society, typically funded by the government, and characterized by non-excludability and non-rivalry in consumption.
Externalities
Consequences of an economic activity experienced by unrelated third parties; can be positive or negative.
Market Failure
A situation where the allocation of goods and services by a free market is not efficient, often justifying government intervention.
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