LP Basics Indicate Whether Each of the Following Statements Is True

question 15

Short Answer

LP Basics. Indicate whether each of the following statements is true or false and why.
A. In profit maximization linear programming problems, negative values for slack variables are impossible.
B. Binding constraints indicate positive slack variables at the optimum solution.
C. Points not on process rays represent unattainable technologies.
D. Constant input prices is the only requirement for a total cost function to be linear.
E. Changing input prices will not alter the slope of a given isoquant line.

---

Definitions:

Digestive

Pertaining to digestion or the system in the body involved in the mechanical and chemical breakdown of food.

Respiratory

Relating to or affecting breathing or the organs involved in breathing.

Urinary

Pertaining to the system of organs involved in the formation, storage, and excretion of urine.

Female Reproductive Organs

The organs involved in producing eggs, providing a site for fertilization and fetal development, and giving birth, including the ovaries, fallopian tubes, uterus, and vagina.