Problem:
Solve the given minimization problem by the simplex method
Minimize C = 6x - 2y
Subject to 3x + 4y ≤ 24
7x - 4y ≤ 16
x ≥ 0, y ≥ 0
a. x = 4, y = 3, C = 18
b. x = 16, y = 24, C = 18
c. x = 24, y = 16, C = 18
d. x = 3, y = 4, C = 18
Additional Information:
This problem is basically from Mathematics as well as it is about solving minimization problem using simplex method.