The Values in the C_j − Z_j ,Or Net Evaluation,row

question 24

Multiple Choice

The values in the c_j − z_j ,or net evaluation,row indicate the

• A)value of the objective function.
• B)decrease in value of the objective function that will result if one unit of the variable corresponding to the jth column of the A matrix is brought into the basis.
• C)net change in the value of the objective function that will result if one unit of the variable corresponding to the jth column of the A matrix is brought into the basis.
• D)values of the decision variables.

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Definitions:

Efficient Projects

Initiatives that achieve the highest possible output with the least amount of inputs or resources used.

Expenditures

The total amount of money spent by individuals, businesses, or governments on goods and services.

GDP

Gross Domestic Product, a measure of the economic performance of a country, calculated as the total value of all goods and services produced within the country in a specific time period.

Unfunded Promises

Commitments or obligations, especially by a government, for which no money has been set aside to fulfill them.