Question: Consider the following linear programming model: Maximize Profits = $6X + $5Y Subject to 3X + 2Y 24 (hours of fabrication time) 2X +

Consider the following linear programming model:

Maximize Profits = $6X + $5Y

Subject to

3X + 2Y ≤ 24 (hours of fabrication time)

2X + 4Y ≤ 40 (hours of assembly time)

X, Y ≥ 0

1. What are the optimal solution values of the decision variables?

2. How much slack does each constraint have, and what do these values mean?

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