You Are Given a Linear Programming Problem

Essay

You are given a linear programming problem. Use the method of corners to solve the problem.
Maximize P = 6x + 4y x₀ = __________
y₀ = __________
P(x₀, y₀) = __________
Find the range of values that the coefficient of x can assume without changing the optimal solution.
≤ c ≤
Find the range of values that resource 1 can assume.
≤ b ≤
Find the shadow price for resource 1. Enter your answer to two decimal places.
$ __________
Identify the binding and nonbinding constraints.
Constraint 1 is __________
Constraint 2 is __________