Concept explainers
a)
To determine: The optimal solution of the problem using linear programming.
Introduction:
Linear programming:
It is a linear optimization technique followed to develop the best outcome for the linear programming problem. The outcome might be to maximize profit, minimize cost, or to determine the optimal product mix. The outcome will take the constraints present in achieving the solution into consideration.
b)
To determine: The optimal solution of the problem when the profit for X1 is changed to $3, using linear programming.
c)
To determine: The optimal solution of the problem when the profit for X1 is changed to $1.25, using linear programming.
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