A Linear Programming Problem Has Two Constraints 2X + 4Y

question 73

Multiple Choice

A linear programming problem has two constraints 2X + 4Y ≤ 100 and 1X + 8Y ≤ 100, plus nonnegativity constraints on X and Y. Which of the following statements about its feasible region is TRUE?

• A) There are four corner points including (50, 0) and (0, 12.5).
• B) The two corner points are (0, 0) and (50, 12.5).
• C) The graphical origin (0, 0) is not in the feasible region.
• D) The feasible region includes all points that satisfy one constraint, the other, or both.
• E) The feasible region cannot be determined without knowing whether the problem is to be minimized or maximized.

Analyze the social functions and structures of religious organizations.

Identify different religious beliefs and practices worldwide.

Examine the impact of secularization on society and religious institutions.

Understand the role of religion in social identity, control, and change.

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Definitions:

Single Price Profit Maximization

A pricing strategy where a single price is set for all customers to maximize profits, disregarding any market segmentation.

Perfect Price Discrimination

A pricing strategy where a seller charges the maximum possible price for each unit which corresponds to the buyer's maximum willingness to pay.

Deadweight Loss

Deadweight loss refers to the loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable.

Single-Price Monopolist

A monopolist who charges all consumers the same price for goods or services, regardless of production cost or demand differences.