In a Linear Programming Model, the __________ Assumption Plus the Nonnegativity

question 21

Multiple Choice

In a linear programming model, the __________ assumption plus the nonnegativity constraints mean that decision variables can take on any value greater than or equal to zero.

• A)proportionality
• B)divisibility
• C)additivity
• D)negativity

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Definitions:

Production Possibilities

Production possibilities refer to the different combinations of goods and services that an economy can produce given its available resources and technology, illustrated by the production possibilities frontier (PPF).

Consumer Goods

Products and services that are consumed by individuals or households to satisfy their immediate needs and wants.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing an action.

Autos

Short for automobiles, referring to passenger vehicles designed for personal transportation.