If Constraints in a Linear Programing Problem Take the Form

question 31

Multiple Choice

If constraints in a linear programing problem take the form 2X + Y  800 and X + 2Y  700.The optimal solution is:

• A)X = 300 and Y = 200.
• B)X = 200 and Y = 300.
• C)X = 100 and Y = 300.
• D)X = 400 and Y = 0.
• E)X = 200 and Y = 400.

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Definitions:

Normal Good

A type of good for which demand increases when consumer income rises, and falls when consumer income decreases.

Demand Shift

A change in the quantity demanded at every price point, often caused by factors like consumer preferences, income, and price of related goods.

Quantity Demanded

The cumulative quantity of a product or service that buyers are ready and capable of buying at a specific price.

Power

The capacity or ability to direct or influence the behavior of others or the course of events.