All of the Following Statements About a Redundant Constraint Are

question 18

Multiple Choice

All of the following statements about a redundant constraint are correct EXCEPT

• A) A redundant constraint does not affect the optimal solution.
• B) A redundant constraint does not affect the feasible region.
• C) Recognizing a redundant constraint is easy with the graphical solution method.
• D) At the optimal solution, a redundant constraint will have zero slack.

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Definitions:

Long-Run Equilibrium

A state in which all firms in an industry are producing at their minimum long-run average cost and are earning normal profits.

Units of Output

The measurable amount of goods or services produced by a company or industry.

Internal Economies of Scale

cost advantages that a firm obtains due to expansion, leading to a decrease in the average cost per unit.

Plant

A facility where goods are produced or processed, also referring to the physical capital in production.