Question: Solve the LPP using graphical method and Identify binding and non-binding constraints. Address the managerial implications of these constraints. Also, verify the optimal solution with

Solve the LPP using graphical method and Identify binding and non-binding constraints. Address the managerial implications of these constraints. Also, verify the optimal solution with the given constraints.

Minimize Z = 3x₁ + 2.5x₂

Subject to,

2x₁ + 4x₂ 40

3x₁ + 2x₂ 50

(x₁, x₂ 0 )

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