Question: Consider the following LP problem.Constraint 1 : 5 x 1 + 3 x 2 geq 3 0 , Constraint 3 : xwhere x _
Consider the following LP problem.Constraint : xxgeq Constraint : xwhere x and x represent the decision variables. Solve the LP problem to answer the following questions.
a What are the values of and at the optimal solution? What is the minimum value of
Note: Round your answers to decimal places.
b Identify the binding and nonbinding constraints and report the surplus value, as applicable.
Note: If the answer to constraints is "NonBinding" enter surplus value or leave cells blank.
Constraint
Constraint
c Report the shadow price and range of feasibility of each binding constraint.
Note: If the answer to constraints is "Binding" enter "Shadow price" and "Range of feasibility" to decimal places or leave cells
blank.
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