When Appropriate,the Optimal Solution to a Maximization Linear Programming Problem

question 72

Multiple Choice

When appropriate,the optimal solution to a maximization linear programming problem can be found by graphing the feasible region and

• A)finding the profit at every corner point of the feasible region to see which one gives the highest value.
• B)moving the isoprofit lines towards the origin in a parallel fashion until the last point in the feasible region is encountered.
• C)locating the point that is highest on the graph.
• D)None of the above
• E)All of the above

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Definitions:

Surplus

An excess of supply over demand in a market, leading to lower prices or unused stock.

Price Control

Government-imposed limits on the prices that can be charged for goods and services in the market, to protect consumers and prevent market abuse.

Legal Restriction

A regulatory measure that limits or controls certain actions within a legal framework.

Market Price

The current price at which an asset or service can be bought or sold in a marketplace.