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In a linear programming problem,the binding constraints for the optimal solution are:
5X + 3Y ≤ 30
2X + 5Y ≤ 20
a.Fill in the blanks in the following sentence:
As long as the slope of the objective function stays between _______ and _______,the current optimal solution point will remain optimal.
b.Which of these objective functions will lead to the same optimal solution?
(1)2X + 1Y (2)7X + 8Y (3)80X + 60Y (4)25X + 35Y
Top Quintile
Refers to the highest fifth or 20% segment of a population or group sorted by a particular metric, often used in the context of income distribution.
Progressive Tax
A tax system where the tax rate increases as the taxable amount increases, typically aimed at redistributing wealth more equitably.
Value-Added Tax (VAT)
A type of tax that is applied incrementally at each stage of production and distribution on the value added to goods and services.
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A tax on the sale of goods and services that is usually calculated as a percentage of the purchase price and collected by the retailer.
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