For the Constraints Given Below, Which Point Is in the Feasible

question 54

Multiple Choice

For the constraints given below, which point is in the feasible region of this minimization problem?
   (1) 14x + 6y ? 42
   (2) x + 3y ? 6

• A) x = 2; y = 5
• B) x = 1; y = 2
• C) x = 2; y = 1
• D) x = 2; y = 3

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Definitions:

Production Possibilities Curve

A graphical representation showing the maximum number of goods or services that can be produced using limited resources efficiently.

Production Possibilities Curve

A graphical representation that shows the maximum amount of two goods that can be produced with available resources and technology.

Negative Slope

indicates a relationship in a graph where as one variable increases, the other variable decreases, showing an inverse correlation.

Production Possibilities

The various combinations of goods and services that can be produced within an economy when all resources are fully utilized.