Question: Consider the following LP problem representing the behavior of a price taker: and the corresponding optimal tableau: Derive the supply function for all the three

Consider the following LP problem representing the behavior of a price taker:

max TR = 3x1 +8x2+5x3 sub ect to 21 +423 12 6x12x2

and the corresponding optimal tableau:

+33 18. 20. j=1,..., 3.

Derive the supply function for all the three commodities. ou must draw the appropriate revenue and supply function diagrams.

max TR = 3x1 +8x2+5x3 sub ect to 21 +423 12 6x12x2 +33 18. 20. j=1,..., 3.

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