Use the Constraints Given Below and Determine Which of the Following

question 33

Multiple Choice

Use the constraints given below and determine which of the following points is feasible.
   (1) 14x + 6y ? 42
   (2) x - y ? 3

• A) x = 1; y = 4
• B) x = 2; y = 8
• C) x = 2; y = 4
• D) x = 3; y = 0.5

---

Definitions:

Total Revenue

The total amount of money a company generates from the sale of goods or services before any expenses are subtracted.

Demand Elastic

Refers to how sensitive the quantity demanded of a good is to a change in its price; high elasticity indicates consumers will significantly alter their demand in response to price changes.

Price Effect

The impact on the quantity demanded of a good or service resulting from a change in its price, holding all other factors constant.

Quantity Effect

The change in quantity demanded or supplied of a good or service due to a change in its price.