A Goal Programming Problem Had Two Goals (With No Priorities

question 68

Multiple Choice

A goal programming problem had two goals (with no priorities assigned) .Goal number 1 was to achieve a profit of $3,600 and goal number 2 was to have no wasted material.The optimal solution to this problem resulted in a profit of $3,300 and no wasted material.What was the value for the objective function for this goal programming problem?

• A)300
• B)-300
• C)3300
• D)0
• E)None of the above

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Definitions:

Trade Deficits

Occur when a country's imports exceed its exports during a certain period, indicating an outflow of domestic currency to foreign markets.

Capital Account Balance

A measure within a country's balance of payments that records all transactions involving the acquisition or disposal of capital assets, such as securities and real estate, between residents and nonresidents.

Legal Tender

Coins and paper money officially declared to be acceptable for the settlement of financial debts.

Car Importer

A company or individual that buys foreign cars and brings them into a country to sell.