Question: Solve the following linear programming model by using the isocost line method: graph the constraints and identify the feasible region and determine the optimal solution
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Solve the following linear programming model by using the isocost line method: graph the constraints and identify the feasible region and determine the optimal solution (s) and its cost (show your work).
Minimize cost = $1X + $2Y Subject to:
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X + 3Y 90
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8X + 2Y 160
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3X + 2Y 120 Y 70
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X, Y 0
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Are any constraints non-binding? If so, which one (s)?
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