When Multiple Constraints Are Present,which of the Following Mathematical Techniques

question 8

Multiple Choice

When multiple constraints are present,which of the following mathematical techniques is used to solve the product mix problem?

• A)linear programming
• B)relevant costing
• C)differential costing
• D)excel programming

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Definitions:

Technology

The application of scientific knowledge for practical purposes, especially in industry and the creation of inventions to solve problems or improve processes.

Short-Run Total Cost Function

A formula showing the total cost of production when at least one factor of production is fixed in the short run.

Average Cost

Calculated by dividing the total cost of production by the number of goods produced.

Quantity of Output

The total amount of goods or services produced by a company, industry, or country.