A Redundant Constraint Results in

question 14

Multiple Choice

A redundant constraint results in

• A)no change in the optimal solution(s).
• B)an unbounded solution.
• C)no feasible solution.
• D)alternative optimal solutions.

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Definitions:

Marginal Analysis

Marginal analysis refers to the examination of the benefits and costs of a small (marginal) change in the production, consumption, or allocation of resources.

Ceteris Paribus

A principle in economics that states other conditions remain constant while one variable changes.

Marginal Benefit

The additional satisfaction or value gained from consuming or producing one more unit of a good or service.

Marginal Cost

The cost added by producing one additional unit of a product or service.