The Optimal Solution to Any Linear Programming Problem Is the Same

question 45

True/False

The optimal solution to any linear programming problem is the same as the optimal solution to the standard form of the problem.

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Definitions:

Tax

Tax is a compulsory financial charge levied by a government on individuals, corporations, or transactions to fund public expenditures.

Higher Prices

The result of increased costs, supply shortages, or higher demand for products or services, leading consumers to pay more.

Gasoline Tax

A tax imposed on the sale of gasoline, typically used by governments to fund transportation projects and other public goods.

Perfectly Elastic

A situation in which the quantity demanded or supplied changes infinitely in response to any change in price.