When Even a Small Change in the Value of a Coefficient

question 5

Multiple Choice

When even a small change in the value of a coefficient in the objective function can change the optimal solution,the coefficient is called:

• A)optimal
• B)sensitive
• C)out of the range
• D)within the range
• E)None of the above

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Definitions:

Minimum Wages

The minimum wage allowed by law for workers.

Unskilled Labor

Workforce with no specific skills or qualifications, typically performing simple tasks that require minimal training.

Negative Income Tax

A system of social welfare provision that makes direct payments to individuals whose income falls below a certain level, effectively subsidizing their income.

Taxes Owed

The amount of tax liability a taxpayer is responsible for paying to the tax authorities.