Subjective Questions on Distinguish between basic feasible solution feasible solution and optimal solution of a Linear ........... for Indian Economic Service Preparation

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Subjective Questions

Distinguish between basic feasible solution feasible solution and optimal solution of a Linear ...........

Economics-I Mathematical Methods in Economics
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    Distinguish between basic feasible solution, feasible  solution and optimal solution of a Linear Programming Problem (LPP). Solve the following LPP graphically:

    Maximize Y = q1 + 2q2

    subject to q1 + 3q2  < 18 

    q1 + q2 < 8 

    2q1 + q2 < 14

    q1 , q2 > 0 

    (300 words) (20 Marks)

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