Question: You have just formulated a (maximization or minimization) LP problem and are preparing to solve it graphically a) What criteria should you consider in deciding

You have just formulated a (maximization or

You have just formulated a (maximization or minimization) LP problem and are preparing to solve it graphically a) What criteria should you consider in deciding whether it would be easier to solve the problem by the corner point method or the isoprofit (isocost) line approach? b) Under what condition is it possible for an LP problem to have more than one optimal solution? C) As a manager, do the criteria you use to select the optimum solution among many available solutions differ if the optimum was a maximum or a minimum? Why

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