When a Constraint Line Bounding a Feasible Region Has the Same

question 107

Multiple Choice

When a constraint line bounding a feasible region has the same slope as an isoprofit line

• A)there may be more than one optimum solution.
• B)the problem involves redundancy.
• C)an error has been made in the problem formulation.
• D)a condition of infeasibility exists.

---

Definitions:

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Monopolist

An individual or company that possesses exclusive control over the supply or trade of a commodity or service.

Unregulated Monopolist

A monopoly that operates without government regulation, potentially leading to unfair pricing and poor service.

Market Efficiency

A condition where all available information is already reflected in asset prices, and it's impossible to achieve consistently higher returns.