Which of the Following Statements Is not True

question 28

Multiple Choice

Which of the following statements is not true?

• A) An infeasible solution violates all constraints.
• B) A feasible solution point does not have to lie on the boundary of the feasible solution.
• C) A feasible solution satisfies all constraints.
• D) An optimal solution satisfies all constraints.

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Definitions:

Indifference Curves

Graphical representations in economics that show different bundles of goods between which a consumer is indifferent, meaning that the consumer has no preference for one bundle over another.

Concave

A shape or curve that is curved inward, resembling the interior of a circle or sphere, often used in the context of economic functions.

Tangency

A point at which two lines or curves meet without intersecting, often used in economics to find points of optimization, such as in budget constraints or indifference curves.

Budget Line

A visual diagram showing every potential mix of two products that can be bought given specific income levels and price points.