A Manager Is Interested in Deciding Production Quantities for Products

question 12

Multiple Choice

A manager is interested in deciding production quantities for products A, B, and C. He has an inventory of 20 tons each of raw materials 1, 2, 3, and 4 that are used in the production of products A, B, and C. He can further assume that he can sell all of what he makes. Which of the following statements is correct?

• A) The manager has four decision variables.
• B) The manager has three constraints.
• C) The manager has three decision variables.
• D) The manager can solve this problem graphically.

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Definitions:

Semipermeable Membrane

A type of membrane that allows certain molecules or ions to pass through it by diffusion and often by facilitated diffusion.

Osmosis

The process of fluid passing through a semi-permeable membrane from a less concentrated solution to a more concentrated one, to equalize the concentrations on both sides of the membrane.

Clotting Factors

Proteins in the blood plasma which work together to stop bleeding by forming clots.

Hemophilia

A genetic disorder that impairs the body's ability to make blood clots, leading to excessive bleeding.