The ________ Solving Method Is the Most Complex Because It

question 85

Multiple Choice

The ________ solving method is the most complex because it is both nonlinear and nonsmooth.

• A)Simplex LP method
• B)Evolutionary method
• C)GRG Nonlinear method
• D)Linear programming method

---

Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers is equal to the quantity supplied by producers, resulting in market stability.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that producers are willing to supply.

Tax

A compulsory financial charge or other levy imposed by a government to fund public expenditures.

Demand Function

A mathematical representation showing the relationship between the quantity demanded of a good and its price, along with other factors affecting demand.