Which of the Following Is a Likely Constraint on the Production

question 33

Multiple Choice

Which of the following is a likely constraint on the production quantity x associated with a maximum value and a setup variable y in a fixed-cost problem?

• A)x ≥ My
• B)x ≤ My
• C)Mx ≤ y
• D)xy ≥ M

---

Definitions:

Per-Unit Tax

A tax imposed on a product on a per unit basis, raising the cost of production or sale for that product.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, reflecting the incremental rate applied to income in the highest tax bracket.

Average Tax Rate

The ratio of the total amount of taxes paid to the total tax base (income, expenditure, or asset), represented as a percentage.

Proportional

Characterized by or corresponding in size, degree, or intensity according to a fixed ratio or relationship.