Which of the Following Is Not a Requirement of a Linear

question 61

Multiple Choice

Which of the following is not a requirement of a linear programming problem?

• A) an objective function, expressed in terms of linear equations
• B) constraint equations, expressed as linear equations
• C) an objective function, to be maximized or minimized
• D) alternative courses of action
• E) for each decision variable, there must be one constraint or resource limit

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Definitions:

Price Ceiling

A legally imposed maximum price on goods or services, intended to keep prices affordable for consumers.

Shortage/Surplus

A surplus is the opposite of a shortage, occurring when the supply of a product or service exceeds its demand in a market.

Price Floor

A government- or authority-imposed minimum price set above the equilibrium price, preventing the market price from falling below a certain level.

Market Equilibrium

A situation in a market where the quantity supplied equals the quantity demanded at a certain price point.