Consider the following model to maximize profit: Max 4x+2y S.T.: 2x+3y>=6 x<=6 y<=8 x,y>=0 The orange dash line below is the objective function (profit line) currently at 30 and the constraints are the red, blue, and green areas. Also take into account the non- negativity constraints. 2x + 3y 26 x≤6 y≤8 4x + 2y = 30 X X X X хххх -10
Consider the following model to maximize profit: Max 4x+2y S.T.: 2x+3y>=6 x<=6 y<=8 x,y>=0 The orange dash line below is the objective function (profit line) currently at 30 and the constraints are the red, blue, and green areas. Also take into account the non- negativity constraints. 2x + 3y 26 x≤6 y≤8 4x + 2y = 30 X X X X хххх -10
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Consider the following model to maximize profit:
Max 4x+2y
S.T.:
2x+3y>=6
x<=6
y<=8
x,y>=0
The orange dash line below is the objective function (profit line) currently at 30 and
the constraints are the red, blue, and green areas. Also take into account the non-
negativity constraints.
2x + 3y 26
x≤6
y≤ 8
4x + 2y = 30
хххх
-10
-10
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