Question: Consider this LP formulation: Minimize cost = $X + 2Y subject to X + 3Y 90 8X + 2Y 160 3X + 2Y 120 Y

Consider this LP formulation:

Minimize cost = $X + 2Y

subject to X + 3Y 90

8X + 2Y 160

3X + 2Y 120

Y 70

X, Y 0

Graphically illustrate the feasible region, and apply the isocost line procedure to indicate which corner point produces the optimal solution. What is the cost of this solution?

Please show your work and graphs.

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