Question: Assignment #4: Graphical Method for LPS Question Below is the formulation of a two variable linear program: Max Subject to: Constraint #1 Constraint #2 Constraint

Assignment #4: Graphical Method for LPS Question Below is the formulation of a two variable linear program: Max Subject to: Constraint #1 Constraint #2 Constraint #3 Constraint #4 Constraint #5 45X+30Y 3X 1.5Y400 4X 3Y600 20 Y25 3X4Y a. Find the optimal decision and its objective function value. b. Which constraints are binding, which are non-binding, and what are their slacks/surpluses? c. What are the allowable increase and decrease of the coefficient of X in the objective function? d. Pick a binding constraint. Determine the shadow price and its allowable increase and decrease

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