Find the optimal solution using the graphical solution, Financial Management

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Find the optimal solution using the graphical solution

Consider the following linear programming problem:

Max 3A + 3B

s.t.

2A + 4B ≤12

6A + 4B ≤24

A, B ≥0

a. Find the optimal solution using the graphical solution procedure.

b. If the objective function is changed to 2A + 6B, what will the optimal solution be?

c. How many extreme points are there? What are the values of A and B at each extreme point?

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Financial Management: Find the optimal solution using the graphical solution

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Financial Management: Find the optimal solution using the graphical solution

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