How Can the Following Linear Program Be Characterized

question 56

Multiple Choice

How can the following Linear Program be characterized?
Min X + Y
Subject to
X ≤ 20
Y ≤ 5
X + Y ≥ 40
X, Y ≥ 0

• A) bounded and feasible
• B) unbounded and feasible
• C) bounded and infeasible
• D) unbounded and infeasible
• E) this is not a Linear Program

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Definitions:

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Producer Surplus

The difference between what producers are willing to accept for a good or service and the actual price they receive, reflecting producers' benefit.

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