Question: Consider the following LP problem and optimal tableau a) State the rules of the appropriate algorithm used in solving the above problem. Practice your technical

Consider the following LP problem and optimal tableau

max TR = 3x1 +52 sub ect to 2x14x216 6x13x2 18 x10,

a) State the rules of the appropriate algorithm used in solving the above problem. Practice your technical skill by solving the above LP problem and verify that your solution is identical to the one given in the tableau.

b) Derive the supply function for each of the two outputs. ou must draw the appropriate revenue and supply function diagrams.

max TR = 3x1 +52 sub ect to 2x14x216 6x13x2 18 x10, 20 TR 21 22 Isl T2 P sol 001 13 BI 10 TO 3 12 21 010 6 97 1 0 0 00 776 29 19 62 TR D sol Ysl Ys2 y1 y2 TC

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