Please show work / explain how you get answer as well. Thank you! 9. Consider the following LP problem.MAX:3X1 +2X2Subject to: 3X1 +3X2 3006X1 +3X2 480<3X1 +3X2 480X1, X2 >a. Sketch the feasible region for this model.b. What is the optimal solution?c. Identify any redundant constraints in this model.

Answered: 9. Consider the following LP problem.…

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter2: Mathematics For Microeconomics

Section: Chapter Questions

Problem 2.6P

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9. Consider the following LP problem. MAX: 3X1 + 2X2 Subject to: 3X1 + 3X2 300 6X1 + 3X2 480 < 3X1 + 3X2 480 X1, X2 > a. Sketch the feasible region for this model. b. What is the optimal solution? c. Identify any redundant constraints in this model.