Solved: Your goal is to maximize 30x 10y subject to 3x plus y, Finance Basics

Your goal is to maximize 30x 10y subject to 3x plus y

Consider the following linear program. Your goal is to maximize 30x + 10y subject to 3x plus y cannot exceed 300, x plus y cannot exceed 200, x cannot exceed 100, and y must be at least 50.

a. What is the objective function?

b. What are the constraints:

c. What are the corner points?

d. What is the optimal solution?

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Finance Basics: Your goal is to maximize 30x 10y subject to 3x plus y

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Finance Basics: Your goal is to maximize 30x 10y subject to 3x plus y

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