Question about linear programming

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SUMMARY

The discussion centers on the concept of linear programming, specifically examining three linear equations: y1 = ax + b, y2 = mx + k, and y3 = n. The intersection of these equations defines a feasible region, which is crucial in economics for determining potential solutions. The participants explore whether calculating the area between the curves y1 and y2 from 0 to their intersection provides meaningful insights, particularly in economic applications.

PREREQUISITES
  • Understanding of linear equations and their graphical representations
  • Familiarity with the concept of feasible regions in linear programming
  • Basic knowledge of calculus for area calculation between curves
  • Application of linear programming in economics
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  • Research the mathematical principles of calculating areas between curves
  • Explore the role of feasible regions in linear programming applications
  • Learn about the economic implications of linear programming solutions
  • Study specific examples of linear programming in economic models
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Students and professionals in mathematics, economics, and operations research who are interested in understanding linear programming and its applications in real-world scenarios.

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basically, let's say i have three linear equations, y1, y2, and y3.

assume y1 = ax+b where a and b are constants
assume y2 = mx+k where m and k are constants
assume y3 = n where n is a constant

also, now assume that they all intersect at y1=y1=y3=n.

would the area between the curves, y1 and y2, from 0 to the intersection represent anything? I've attached a sample pic for reference.

View attachment linear area.bmp
 
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Wow, I think I repeating what I just said in the previous thread! What anything in mathematics "represents" depends upon the specific application. In economics that area is commonly referred to as the "feasible region" because it is, by the terms of the application that gives you those equations, the area in which a solution must occur.
 
well...i know it's the feasible region. But let's stick with the economics example...does computing the actual size of that region give anything useful?
 

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