Constraints Are

question 32

Multiple Choice

Constraints are

• A)quantities to be maximized in a linear programming model.
• B)quantities to be minimized in a linear programming model.
• C)restrictions that limit the settings of the decision variables.
• D)input variables that can be controlled during optimization.

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Definitions:

Saving Rate

The proportion of disposable income that is saved by individuals or households over a period, rather than being spent.

Interest Rates

Rates at which interest is charged or paid for the use of money, typically expressed as an annual percentage rate.

Gross Investment

The total amount of money spent on new capital assets before accounting for depreciation.

Public Investment

Expenditure by the government on capital projects like public infrastructure, education, and health facilities that are intended to improve a country's economic capacity and well-being.