The initial tableau of a linear programming problem is given. Use the simplex method to solve the problem.X1X2S1S2S316.1.1041281.6.-2-1The maximum is when x, = x2 = s, = 52 =and sa =n (Type integers or simplified fractions.)%3Dts

The initial tableau can be written as follows.

Answered: The initial tableau of a linear…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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A firm's short-run production function is given with Q(K, L) = L0.2* K2 . Capital is fixed with K=3. The price of capital is r = 0.1 and the price of labour is w = 4 The price of the final output is p = 8 a) Do you think it is possible to depict this production function with an isoquant? Justify your answer by explaining the concept of an isoquant. b) Calculate the optimum quantity of labour the firm should use if it wants to maximize its profit. Also calculate the output produced and the corresponding profit.
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The initial tableau of a linear programming problem is given. Use the simplex method to solve the problem X1 X2 1. 4. S1 6. S2 S3 1. 10 1. 0. 28 6. 0. -2 -1 0. 1. when x, x2 = -$2- and sg The maximum is (Type integers or simplified fractions.) ola, NOOO-