Question: Consider the following LP formulation and determine the optimal solution. w > MIN: 4x + 5y s.t. y > 3 A 1x + 2y 12

Consider the following LP formulation and

Consider the following LP formulation and determine the optimal solution. w > MIN: 4x + 5y s.t. y > 3 A 1x + 2y 12 D X, y>0 (6,4) 55 (10,3) 39 0 (6,3) MIN 5x+3y What does the "3" indicate in the objective function above? minimum number of chairs to produce cost per chair optimal number of chairs to produce profit per chair shadow price per chair

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