In Linear Programming, a Nonzero Reduced Cost Is Associated with a

question 65

Multiple Choice

In linear programming, a nonzero reduced cost is associated with a

• A)decision variable in the solution.
• B)decision variable not in the solution.
• C)constraint for which there is slack.
• D)constraint for which there is surplus.
• E)constraint for which there is no slack or surplus.

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Definitions:

Import Substitution

A policy aimed at encouraging domestic production of goods that were previously imported.

Labor-intensive Production

A production process that relies more heavily on human labor than on technology or machinery, often characteristic of industries that require skilled workers.

Human Capital Shortages

A situation where there is a lack of adequately skilled or qualified individuals in the workforce to meet the demands of the job market.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, typically measured as a percentage increase in real gross domestic product (GDP).