(A) Write out algebraic expressions for all of the constraints in this problem.
(B) Construct a graph of the feasible region for this problem, given the constraints you identified in (A).
(C) Describe how you would find the location of the optimal solution in the feasible region you graphed in (B).
(D) Use the procedure you described in (C) to identify the optimal production plan. Confirm your solution using Solver. What is the maximized profit?
(E) What constraints are binding on the optimal solution? Use your graphical solution to explain your answer.

Question

Quizplus · Accepted Answer

The Answer of (A) Write out algebraic expressions for all of the constraints in this problem.
(B) Construct a graph of the feasible region for this problem, given the constraints you identified in (A).
(C) Describe how you would find the location of the optimal solution in the feasible region you graphed in (B).
(D) Use the procedure you described in (C) to identify the optimal production plan. Confirm your solution using Solver. What is the maximized profit?
(E) What constraints are binding on the optimal solution? Use your graphical solution to explain your answer.

(A) Write Out Algebraic Expressions for All of the Constraints