Nike Will Build a Factory at Millville or Greenfield, but Not

question 51

Multiple Choice

Nike will build a factory at Millville or Greenfield, but not both.Alternatively, Nike may choose to build at neither location.The appropriate linear constraint to express this restriction using binary variables Y₁ and Y₂ is:

• A)Y₁ - Y₂ \(\le\) 1
• B)Y₁ + Y₂ \(\le\) 1
• C)Y₁ + Y₂ = 1
• D)Y₁ - Y₂ \(\le\)0

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Definitions:

Average Price Level

A measure of the overall level of prices of goods and services in an economy over a period of time.

Imports and Exports

Transactions involving the buying (imports) and selling (exports) of goods and services between countries.

Interest Rate Effect

The impact that changing interest rates have on consumer spending and business investments in an economy, generally influencing economic activity.

Price Level

The mean value of prices for the full range of goods and services in the economy.