Solve the problem given graphically

Reference no: EM131162463

Given the following linear programming formulation:

Maximize 1,600x₁ + 3,000x₂

Subject to:
40x₁+ 25x₂<=80,000(Constraint 1)
20x₁ + 30x₂<=60,000(Constraint 2)
x₁,x₂>=0 (non-negative constraints).

a. Solve the problem graphically.
b. Solve the problem using Excel solver.
c. What is the total objective function value?
d. Do both variables contribute to the solution? Why?
e. Does any variable have a slack value? If so, what does it mean?

Reference no: EM131162463

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