Question: Solve the following LP using the simplex method and answer the following questions. (Remember profit is in terms of dollars) 3.(15points)MAXZ=28x1+16x2(profit,$)ST5x1+2x270(units,resource1)x1+2x222(units,resource2)x110(units,resource3)xi0 a. Using right hand
Solve the following LP using the simplex method and answer the following questions. (Remember profit is in terms of dollars) 3.(15points)MAXZ=28x1+16x2(profit,$)ST5x1+2x270(units,resource1)x1+2x222(units,resource2)x110(units,resource3)xi0 a. Using right hand side ranging, what are the lower and upper bounds for constraint 2 ? b. How much would you be willing to pay for each additional resource? You should have 3 answers since there are 3 resources)
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