Question: Given the LP Model: To minimize Cost = P 40x + P 50y Subject to: 3x + 4y 2 48 5x + 2y S 40

Given the LP Model: To minimize Cost = P 40x + P 50y Subject to: 3x + 4y 2 48 5x + 2y S 40 X , y 2 0 Determine the best combination that will yield the lowest cost. How much is the lowest cot? (Use Simplex method). 15 points

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