Question: Consider the following LP problem: Consider the two constraints as representing input commodities and derive the demand function for input 2. Draw the corresponding revenue

Consider the following LP problem:

max TR=3x1 + 2x2 + 4x3 sub ect to 21 2+3x3 -1

Consider the two constraints as representing input commodities and derive the demand function for input 2. Draw the corresponding revenue and demand function diagrams.

max TR=3x1 + 2x2 + 4x3 sub ect to 21 2+3x3 -1 -1+222 +233

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