Explain what is the optimal solution

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Explain in brief about Linear Programming: What is the Optimal Solution?

Considered the following LP Problem:

Problem- Maximize profit= 5x+6y

Subject to 2x+y<120

2x+3y<240

X,y>0

Part 1- What is the optimal solution to this problem? Solve it graphically

Part 2- If a technical breakthrough occurred that raised the profit per unit of x to $8 would this affect the optimal solution?

Part 3- Instead of an increase in the profit coefficient X to $ 8, suppose that profit was overestimated and should only have been $3. Does this change the optimal solution?

You need to solve the above problem about maximizing profits is solved graphically.

Reference no: EM13711461

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