The Following Linear Programming Problem Has Been Written to Plan

question 50

Multiple Choice

The following linear programming problem has been written to plan the production of two products. The company wants to maximize its profits. X₁ = number of product 1 produced in each batch
X₂ = number of product 2 produced in each batch How many units of resource one (the first constraint) are used if the company produces 10 units of product 1 and 5 units of product 2?

• A) 45
• B) 15
• C) 55
• D) 50

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Definitions:

Developing Countries

Nations with a lower level of industrialization, lower standard of living, and lower Human Development Index compared to developed countries.

International Development Association

A part of the World Bank that helps the world’s poorest countries by providing loans and grants for projects and programs that boost economic growth and improve living conditions.

Private Capital Investment

The spending of resources by private individuals or enterprises on assets expected to yield returns over time, such as shares, real estate, or machinery.

Economic Growth

An increase in the output of goods and services in an economy over a period, usually measured by the rise in real GDP, indicating the economy's overall health and prosperity.