If a Constraint Has the Equation 5x₁+ 2x₂ ≤ 60,then

question 24

True/False

If a constraint has the equation 5x₁+ 2x₂ ≤ 60,then the constraint line passes through the points (0,12)and (30,0).

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Definitions:

Capital and Financial Account

A component of a nation's balance of payments that covers the transfer of capital and financial assets across international borders.

Balance Surplus

An economic situation where the income or supply exceeds the expenditure or demand, leading to a surplus.

Balance Deficit

The economic condition where total expenditures exceed total revenues in a given period, often in reference to national budgets or trade balances.

Current Account Deficit

Occurs when a country's total imports of goods, services, and transfers are greater than its total exports, indicating that it is spending more on foreign trade than it is earning.