Graph the Constant-Profit Lines Through (3, 2) and (5, 3)

question 31

Multiple Choice

Graph the constant-profit lines through (3, 2) and (5, 3) . Use a straightedge to identify the corner point(s) where the
maximum profit occurs for the given objective function.
-P = 5x + y

• A) Max P = 45 at x = 9 and y = 0, at x = 8 and y = 4, and at every point on the line segment joining the preceding two points.
• B) Max P = 44 at x = 8 and y = 4, at x = 0 and y = 12, and at every point on the line segment joining the preceding two points.
• C) Max P = 44 at x = 8 and y = 4
• D) Max P = 45 at x = 9 and y = 0

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Definitions:

Common Stock

Represents ownership interests in a corporation, giving holders voting rights and a share in the company's profitability through dividends.

Journalize

The process of recording financial transactions in a company's journal, detailing debits and credits for accounting purposes.

Common Stockholders' Equity

The portion of a company's equity that is attributable to common stock owners, calculated as total equity minus preferred stock equity.

Prior Period Adjustments

Corrections made to a company's financial statements for errors or omissions in previously reported periods.