Economics Page 2 of 2Max 10X1 + 5X2S.T.Constraint 112X1 + 15X2 180Constraint 215X1 + 10X2 150Constraint 3X1

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Economics Page 2 of 2Max 10X1 + 5X2S.T.Constraint 112X1 + 15X2 180Constraint 215X1 + 10X2 150Constraint 3X1 2 Constraint 4X2 1 Constraint 5-5X1 + 7X2 0X1, X2 0Questions:

a.Plot all constraint (20 Points)

b.Show algebraically how to determine the feasible side of constraint 5. (4 Points)

c.Determine the feasible region by shading or by arrows that indicate the feasible side. (2 Points)

d.Find the optimal solution either by Iso-profit or by enumeration.

Answer this part in the bluebook except the plotting of the Iso-profit if you use it. (24

Related Book For answer-question

Microeconomics and Behavior

ISBN: 978-0078021695

9th edition

Authors: Robert Frank

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Posted Date: Feb 12, 2021 10:32 AM

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Economics Page 2 of 2Max 10X1 + 5X2S.T.Constraint 112X1 + 15X2 180Constraint 215X1 + 10X2 150Constraint 3X1

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Microeconomics and Behavior

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