Provide an Appropriate Response

question 14

Short Answer

Provide an appropriate response.
-The corner points for the bounded feasible region determined by the system of inequalities:
2x₁ + 5x₂ ≤ 20
x₁ + x₂ ≤ 7
x₁,x₂ ≥ 0
are O = (0,0),A = (0,4),B = (5,2)and C = (7,0).Find the optimal solution for the objective profit function: P(x)= 3x₁ + 7x₂

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Definitions:

Operating Activities

Activities that constitute the primary or main activities of a business, directly related to its operations and core business activities.

Net Income

The net income a company earns following the deduction of all expenses and taxes from its total revenues.

Indirect Method

A technique used in cash flow statements to reconcile net income with cash flow from operating activities, by adjusting non-cash transactions and changes in working capital.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues.