Answer the given question with a proper explanation and step-by-step solution. 3. A firm is products 2 item, X- Number of units of 1st item, Y - Number of units of 2nd item, thefirm subject to the following constraints6x + y >= 123x + y >= 84x + 6y >= 24x <= 5y <= 5x,y >= 0the objective function minimizeC= 180x + 160yDraw feasible area of solution, find point of operation.

We have to find critical points in the common area satisfying all the constraints

3. A firm is products 2 item, X- Number of units of 1st item, Y - Number of units of 2nd item, t firm subject to the following constraints 6x + y >= 12 3x + y >= 8 4x + 6y >= 24 x <= 5 y <= 5 x,y >= 0 the objective function minimize C= 180x + 160y Draw feasible area of solution, find point of operation

3. A firm is products 2 item, X- Number of units of 1st item, Y - Number of units of 2nd item, t firm subject to the following constraints 6x + y >= 12 3x + y >= 8 4x + 6y >= 24 x <= 5 y <= 5 x,y >= 0 the objective function minimize C= 180x + 160y Draw feasible area of solution, find point of operation

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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