Question: Consider the following LP problem. Maximize z = 2 . 9 8 x 1 + 1 . 8 8 x 2 , Subject to Constraint
Consider the following LP problem.
Maximize z xx
Subject to
Constraint : xx
Constraint : x x
Constraint : xx
where x and x represent the decision variables. Solve the LP problem to answer the following questions.
A What are the values of x and x at the optimal solution? What is the maximum value of z
Note: Round your answers to decimal places.
B dentify the binding and nonbinding constraints and report the slack value, as applicable.
Note: If the answer to constraints is "NonBinding" enter slack value to decimal places or leave cells blank.
c Report the shadow price and range of feasibility of each binding constraint.
Note: If the answer to constraints is "Binding" enter the "Shadow price" and "Range of feasibility" to decimal places or leave cells blank.
D What is the range of optimality for the two objective function coefficients?
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