Question: Problem 3 Consider this LP formulation: Minimize Z=2X + Y subject to 2X + 4Y > 60 8X + 2Y 2 160 X-Y 50 X20,

Problem 3 Consider this LP formulation: Minimize

Problem 3 Consider this LP formulation: Minimize Z=2X + Y subject to 2X + 4Y > 60 8X + 2Y 2 160 X-Y 50 X20, YO a) Illustrate the feasible region graphically. b) Apply the isocost line procedure to find which corner point produces the optimal solution. (Hint: You may let Z = 100 to draw the isocost line) c) What is the optimal solution (X, Y) and the optimal value (Z) for this

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