Which of the Following Is a Constant in a Mathematical

question 16

Multiple Choice

Which of the following is a constant in a mathematical model?

• A) Decision variable.
• B) Parameter.
• C) Objective function.
• D) Constraint.
• E) None of the answer choices are correct.

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Definitions:

Fixed Costs

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance, necessary for running a business.

Break-Even Point

The juncture where the overall expenses match the total income, resulting in neither a profit nor a loss.

Variable Costs

Costs that vary directly with the volume of production or service delivery, such as materials and labor.

Fixed Costs

Expenses that do not change in total irrespective of the volume of goods or services produced by a company.