Note: This Question Requires Access to Solver $P = 3 x + 15 y$

question 72

Multiple Choice

Note: This question requires access to Solver.
In the following linear programming problem, how much would the firm be willing to pay for an additional 5 units of Resource A?
Maximize $P = 3 x + 15 y$
subject to $\quad 2 x + 4 y \leq 12$ (Resource A)
$5 x + 2 y \leq 10$ (Resource B)
and $\quad x \geq 0 , y \geq 0$ .

• A) It is impossible to determine.
• B) 7.50
• C) 11.25
• D) 15
• E) 18.75

---

Definitions:

Minimum Imposed Price

A price floor set by the government or regulatory body, below which a good or service cannot be sold, often to protect producers.

Consumers

Individuals or groups that purchase goods and services for personal use rather than for manufacturing or resale purposes.

Producers

Entities that create, manufacture, or supply goods and services.

Price Ceiling

A government-imposed limit on how high a price is charged for a product, intended to protect consumers by preventing prices from reaching excessively high levels.