What Are Binary Integer Variables

question 9

Multiple Choice

What are binary integer variables?

• A)Variables with any two values,a and b.
• B)Variables with values 0 and 1.
• C)Variables whose sum of digits is 2
• D)Variables with values between 0 and 1.

---

Definitions:

Jointly Maximize Profits

A strategy where multiple parties or firms collaborate to enhance their collective profitability.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping to the right.

Strategic Outcomes

The long-term results or consequences of implementing specific business strategies, impacting an organization's competitiveness and success.

Market Share

The portion of a market controlled by a particular company or product.