(Solved):Consider the following linear programming problem: Minimize: 70 M + 40 N Subject to: 3 M + 7 N greater than or equal to 233 10 M + 2 N greater than or equal to 254 2 N greater than or equal to 54 4… View Answer…

 

Question

Consider the following linear programming problem:

Minimize: {eq}70 M + 40 N

{/eq}

Subject to: {eq}3 M + 7 N ge 233\

10 M + 2 N ge 254\

2 N ge 54\

4 M ge 90\

M ge 0, N ge 0

{/eq}

1) Solve this problem graphically.

2) Then set it up in Excel and solve it.

a) What are the values of the decision variables?

b) What is the value of the objective function?

c) What are the values of

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