Binary Decision Variables

question 72

Multiple Choice

Binary decision variables:

• A) are either 0 or 1
• B) must be integers
• C) may be continuous
• D) may be negative

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Definitions:

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Plasma Screen

A type of display technology used in televisions and computer monitors, known for its bright, clear images and wide viewing angles.

Higher Education

This term refers to education beyond high school level, usually provided by universities and colleges, leading to degrees or certificates.

Equilibrium Prices

A price point where the demand for a particular item matches its supply, ensuring market equilibrium.