Solve the Linear Programming Problem by the Method of Corners

question 79

Multiple Choice

Solve the linear programming problem by the method of corners. Maximize subject to

• A) x = 0; y = 8; P = 56
• B) x = 2; y = 6; P = 43
• C) x = 6; y = 2; P = 20
• D) x = 8; y = 0; P = 20

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Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations with its current assets.

Acid-Test Ratio

A stringent indicator of whether a firm has enough short-term assets to cover its immediate liabilities without selling inventory.

Current Ratio

A financial metric assessing a firm's capacity to settle short-term debts using its existing assets.

Liquidity Ratios

Liquidity ratios are financial metrics used to assess a company's ability to meet its short-term obligations by comparing its liquid assets to its current liabilities.