For a Maximization Problem, Assume That a Constraint Is Binding

question 37

Multiple Choice

For a maximization problem, assume that a constraint is binding. If the original amount of a resource is 4 lbs. and the range of feasibility (sensitivity range) for this constraint is from 3 lbs. to 6 lbs., increasing the amount of this resource by 1 lb. will result in the

• A) same product mix, different total profit.
• B) different product mix, same total profit as before.
• C) same product mix, same total profit.
• D) different product mix, different total profit.

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Definitions:

Rounding Rules

Guidelines or conventions for approximating a numerical value to a desired level of precision, often to simplify calculations or presentation.

Rounded

The process of adjusting a numerical value to its nearest preferred value, often to a specified degree of precision.

Rounding Rules

Guidelines for adjusting the digits of numbers to a specific place value, often used to simplify numbers or to adhere to a level of precision.

Rounded

Adjusted to a simpler or more general form, often to the nearest whole number.