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Suppose that an optimization model in decision variables w1 and w2 has constraints 5w1 + 2w2 ≤ 10, w2 ≥ 0.
1. Devise a maximizing linear objective function for which the model has a unique optimal solution and demonstrate that fact by solving the model graphically.
2. Devise a maximizing linear objective function for which the model has multiple optimal solutions and demonstrate that fact by solving the model graphically.
3. Devise a maximizing linear objective function for which the model is unbounded and demonstrate that fact by solving the model graphically.
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The European Union is an example of a regional economic integration.
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Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.95 per card
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