In Exercises 11–20, solve the linear programming problem by the simplex method.
Maximize
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Finite Mathematics & Its Applications (12th Edition)
- 23. Consider a simple economy with just two industries: farming and manufacturing. Farming consumes 1/2 of the food and 1/3 of the manufactured goods. Manufacturing consumes 1/2 of the food and 2/3 of the manufactured goods. Assuming the economy is closed and in equilibrium, find the relative outputs of the farming and manufacturing industries.arrow_forwardActivity 4 ( 1) Please provide detailed solution with explanation and justification for Each Part asap to get a upvotearrow_forwardSolve the linear programming problem by pivoting to get the final solution of the maximum profit that will be made.arrow_forward
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- Solve the following problem using graphical Linear Programmingarrow_forwardMaximize Z = 50x + 20y (units are in $)Subject to: x =< 20; y =< 30; x + y >= 48; x, y, >= 0; USE SIMPLEX LINEAR PROGRAMMING METHOD TO SOLVE. SHOW STEP-BY-STEP PROCESS/SOLUTION.arrow_forwardwhat about the constraints equations ?arrow_forward
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