Suppose an LP Problem Was Subject to Constraints of

question 50

Essay

Suppose an LP problem was subject to constraints of
2X+Y> 10
X+3Y> 20
Suppose that a new constraint is added, of the form 3X+A*Y> 90. What is the largest value that A can have so that this new constraint is redundant?

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Definitions:

Price Difference

The variation in cost between two goods, services, or markets, often influenced by factors like quality, supply, and demand.

Minimum Wage

The lowest legal wage that can be paid to most workers, intended to protect workers from unfairly low pay.

CPI

The Consumer Price Index is a gauge that assesses the combined average cost of a variety of essential consumer items and services like healthcare, food, and transport, factoring in their weighted value.

Producer Price Index

Measure of the aggregate price level for intermediate products and wholesale goods.