A Primal Maximization Problem Is Given

question 93

Multiple Choice

A primal maximization problem is given. Solve both the primal and dual problems with the simplex method. ​
Maximize subject to
​ ​

• A)​Primal: Dual: ​
• B)​Primal: Dual: ​
• C)​Primal: Dual: ​
• D)​Primal: Dual: ​
• E)​​Primal: Dual:

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Definitions:

Substitution

The act of replacing one item with another, often referring to the economic principle where consumers switch between similar goods in response to changes in price or income.

Indifference Curve

A graph representing combinations of two goods between which a consumer is indifferent, showing preferences and trade-offs.

Total Utility

The total satisfaction received from consuming a certain amount of a good or service.

Equilibrium Position

A situation where the supply and demand in the market are equal, leading to stable prices.