A Simplex Matrix Is Given

question 51

Multiple Choice

A simplex matrix is given. In this case, the solution is complete, so identify the maximum value of f and a set of values for the variables that gives this maximum value. If multiple solutions may exist, indicate this and locate the next pivot.

• A)The maximum value of f is 80 when , And )
• B)The maximum value of f is 80 when , And )
• C)The maximum value of f is 80 when , ) Since multiple solutions are possible, pivot on 2 in R₁C₃.
• D)The maximum value of f is 80 when , ) Since multiple solutions are possible, pivot on 1 in R₁C₄.
• E)The maximum value of f is 80 when , ) Since multiple solutions are possible, pivot on 1 in R₂C₄.

Analyze the effects of resource reallocation on production possibilities.

Appreciate the role of economists in supporting free trade and understanding economic indicators.

Understand the components and structure of the circular-flow diagram.

Identify and differentiate between factor and product markets.

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