Which of the Following Is Not True About Slack Variables

question 25

Multiple Choice

Which of the following is not true about slack variables in a simplex tableau?

• A)They are used to convert ≤ constraint inequalities to equations.
• B)They represent unused resources.
• C)They require the addition of an artificial variable.
• D)They may represent machine time, labor hours, or warehouse space.

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Definitions:

Trade

The swapping of goods, services, or both among two or more entities.

Opportunity Cost

The loss incurred from potential opportunities when one choice is made over others.

Absolute Advantage

A condition where a country, entity, or individual can produce a good or service more efficiently than competitors using the same amount of resources.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost compared to others.