A Maximizing Linear Programming Problem with Constraints C1, C2, and C3

question 65

Multiple Choice

A maximizing linear programming problem with constraints C1, C2, and C3 has been solved. The dual values associated with the problem are C1 = $2, C2 = $0.50, and C3 = $0. Which statement below is false?

• A) One more unit of the resource in C1 would add $2 to the objective function value.
• B) One more unit of the resource in C2 would add one more unit each of X and Y.
• C) The resource in C3 has not been used up
• D) The resources in C1 and in C2, but not in C3, are scarce.
• E) All of the above are true.

---

Definitions:

Generating Alternatives

The process of developing multiple options or solutions to address a problem or seize an opportunity.

Subjective Probability

An individual's personal judgment or belief about how likely an event is to occur, based on their own knowledge and experience.

Objective Probability

The likelihood of an event occurring based on factual and measurable data, independent of personal belief or bias.

Proprietary Information

Secret or confidential information owned by a business, used to gain a competitive edge.