Question: Consider the following linear programming problem: Minimize 4A + 5B Subject to 1A + 4B 21 2A + 1B 7 3A + 1.5B s 21

Consider the following linear programming

Consider the following linear programming problem: Minimize 4A + 5B Subject to 1A + 4B 21 2A + 1B 7 3A + 1.5B s 21 -2A + 6B > 0 A, B 2 0 (a) Show the feasible region using the graphical solution approach What are the comer points? 6) Based on your response in part (a): What is the comer point that minimizes the objective function? What is the value of the objective function at this comer point? Which constraints are binding? Which constraints are non-binding? Explain. d) Suppose the objective function is changed to Maximize 7A + 3B, while keeping everything else intact. What is the comer point that maximizes the new objective function? What is the value of the objective function at this comer point? e) Taking into consideration the new objective function introduced in part (e), which constraints are binding? Which constraints are non-binding? Explain

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