In Which of the Following Situations Is Preemptive Goal Programming

question 2

Multiple Choice

In which of the following situations is preemptive goal programming more appropriate than weighted goal programming?

• A)When there are major differences in the importance of the goals
• B)When all of the goals are roughly equal in importance
• C)When there is a single objective or goal
• D)None of the above
• E)b and c only

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Definitions:

Indifference Map

A graphical representation of combinations of goods between which a consumer is indifferent, showing preferences and trade-offs.

Budget Constraint

A representation of all the combinations of goods and services that a consumer can afford given their income and the prices of goods.

Price of Apples

The amount of money required to purchase a unit or specific quantity of apples, often influenced by factors such as supply, demand, and production costs.

Price of Bananas

refers to the market cost of bananas, which can vary based on factors like supply, demand, seasons, and geographical conditions.