Consider the following model: Max 6x + 2y S.T.: 1) x + 2y ≤ 60 2) 3x + 2y ≥ 70 3) y ≥ 5 4) x,y ≥ 0. The optimal solution is (x=50, y=5). Total Profit = 310.
Consider the following model: Max 6x + 2y S.T.: 1) x + 2y ≤ 60 2) 3x + 2y ≥ 70 3) y ≥ 5 4) x,y ≥ 0. The optimal solution is (x=50, y=5). Total Profit = 310.
Chapter1: Making Economics Decisions
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![Consider the following model:
Max 6x + 2y
S.T.:
1) x + 2y ≤ 60
2) 3x + 2y ≥ 70
3) y ≥ 5
4) x,y ≥ 0.
The optimal solution is (x-50, y=5). Total Profit = 310.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbc958f98-a3e4-4fb8-8288-1bd8b438dbee%2Fb81438cc-aea6-4a7b-a6b3-0f28b897c3da%2Fq8uqdho_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Consider the following model:
Max 6x + 2y
S.T.:
1) x + 2y ≤ 60
2) 3x + 2y ≥ 70
3) y ≥ 5
4) x,y ≥ 0.
The optimal solution is (x-50, y=5). Total Profit = 310.
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