Question: Explain graphical method of solving an LP problem. Give a brief description of an LP problem with illustrations. How can it be solved graphically? What

  1. Explain graphical method of solving an LP problem.

  2. Give a brief description of an LP problem with illustrations. How can it be solved graphically?

  3. What is meant by the term 'feasible region'? Why must this be a well-defined boundary for the maximization problem?

  4. Define iso-profit and iso-cost lines. How do these help us to obtain a solution to an LP problem?

  5. Explain the procedure of generating extreme point solutions to an LP problem, pointing out the assumptions made, if any.

  6. It has been said that each LP problem, that has a feasible region, has an infinite number of solutions. Explain.

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