Question: Consider the following LP problem: Consider the three constraints as representing input commodities and derive the demand function for each of the three inputs. Draw

Consider the following LP problem:

max TR 1+222 +33 +(1/2)x4 1 + 2x2+3x3 sub ect to 2x1

Consider the three constraints as representing input commodities and derive the demand function for each of the three inputs. Draw the corresponding revenue and demand function diagrams.

max TR 1+222 +33 +(1/2)x4 1 + 2x2+3x3 sub ect to 2x1 + x2+5x3 15 20 1+22+3+(1/2)x410 x; 0, j=1,..., 4.

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