Question: 2) a) Find the solution set for the following systems graphically and graph the iso profit line on the same diagram. (8 marks) b) Using

2) a) Find the solution set for the following systems graphically

2) a) Find the solution set for the following systems graphically and graph the iso profit line on the same diagram. (8 marks) b) Using the iso-profit line, determine the optimal solution to each system. (2 marks) c) Which constraints are binding, and which ones are non-binding? (5 marks) i) C = x+3y S.t. 4x + 2y 2 12 3x + 5y 2 25 x20 y20 ii) P = 2x + y S.t. x + 3y S9 5x + 2y s 15 2x + 3y s 10 x20 and y20

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