Question: Exercise 1 7 - 2 1 Algo Consider the following LP problem. Minimize z = 7 x 1 + 5 x 2 + 5 x

Exercise 17-21 Algo
Consider the following LP problem.
Minimize z =7x1+5x2+5x3,
Subject to
Constraint 1: 7x1+6x2+4x3>=50,
Constraint 2: 10x1+13x2+14x3>=150,
Constraint 3: x1,x2,x3>=0,
where x1, x2, and x3 represent the decision variables. Solve the LP problem to answer the following questions.
a-1. What are the values of x1, x2, and x3 at the optimal solution?
Note: Round your answers to 2 decimal places.
a-2. What is the minimum value of z?
Note: Round your answers to 2 decimal places.
b. Identify the binding and nonbinding constraints and report the surplus value, as appropriate.
Note: If the answer to constraints is "Non-Binding" enter surplus value to 2 decimal places or leave cells blank.
c. Report the values and ranges of feasibility of the shadow price of each binding constraint. Interpret the results.
Note: Round your answers to 2 decimal places.
d. What is the range of optimality for the three objective function coefficients? Interpret the results.
Note: Round your answers to 2 decimal places.

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