One of the Things That You Can Do with Linear

question 34

Multiple Choice

One of the things that you can do with linear programming and a spreadsheet model is to develop a user interface to make it easier for someone who is not an expert in using linear programming.The output can be a report that explains the optimal policy in non-technical terms.The type of system being described is called a (n) :

• A) expert system
• B) decision support system
• C) linear programming support system
• D) production planning system

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Definitions:

MSB and MSC

Marginal Social Benefit (MSB) and Marginal Social Cost (MSC) refer to the additional benefit or cost to society of producing one more unit of a good or service.

Pollution

The introduction of contaminants into the natural environment, causing adverse changes and harm to ecosystems and human health.

Market Economy

A market mechanism where investment, production, and distribution decisions are informed by supply and demand forces, with the prices of goods and services set within an open pricing system.

Without Government

A scenario that describes a situation or theoretical condition where governmental institutions and interventions do not exist or are absent.