In Exercises 9–16, solve the linear programming problem by the simplex method.
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- 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_forwardSolve the linear programming problem by pivoting to get the final solution of the maximum profit that will be made.arrow_forwardSolve the linear programming problemarrow_forward
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