A Solution Is Optimal When All Values in the C_j

question 12

True/False

A solution is optimal when all values in the c_j -z_j row of the simplex tableau are either zero or positive.

---

Definitions:

Private Goods

Products or services that are consumed by one individual and cannot be used simultaneously by others.

Rival in Consumption

A characteristic of a good whereby its consumption by one individual prevents simultaneous consumption by another individual.

Excludable

A characteristic of a good or service whereby it is possible to prevent non-paying customers from having access to it.

Concerts

Live performances of music before an audience, ranging from solo performances to ensemble or orchestral presentations.