Question: b) Consider the following Linear Programming (LP) problem. Minimize 2 = 3x + 4y Subject to 3x - 4y = 12 x + 2y 24

b) Consider the following Linear Programming (LP) problem. Minimize 2 = 3x + 4y Subject to 3x - 4y = 12 x + 2y 24 * 2 1,720 i) Determine the optimal solution(s) to the above LP using the graphical method (show the movement of the Iso-profit (Iso-cost) line) and specify the special case involved. (07) ii) Identify the binding and nonbinding constraints. (03)

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