Consider this LP formulation: Minimize cost = 5X 2Y subject to X 3Y >= 90 8X 2Y >= 160 3X 2Y >= 120 Y = 0 Graphically illustrate the feasible region and apply the isocost line procedure to indicate which corner point produces the optimal solution. What is the cost of this solution? Note: isocost procedure involves drawing the lines of Z to specify the direction of increase / decrease in the objective function.
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