What Is the Value of the Slack Variable in the Following

question 12

Multiple Choice

What is the value of the slack variable in the following constraint when X₁ and X₂ are nonbasic and only non-negativity is used as simple bounds? ​
X₁ + X₂ + S₁ = 100
​

• A) 0
• B) 50
• C) 100
• D) can't be determined from the given information

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Definitions:

Vertical Demand Curve

A vertical demand curve is a theoretical representation where the quantity demanded is completely insensitive to price changes, indicating that consumers are willing to buy the same amount regardless of the price.

Elasticity

A measure of how much the quantity demanded or supplied of a good or service changes in response to a change in price, income, or other factors.

Perfectly Elastic

A situation in demand or supply where the quantity demanded or supplied changes by an infinite amount in response to any change in price.

More Elastic

Referring to a greater sensitivity of quantity demanded or supplied to changes in price, compared to goods or services with less elasticity.