In Order to Transform a Constraint <= Inequality into an Equation

question 6

Multiple Choice

In order to transform a constraint <= inequality into an equation

• A)a surplus variable is added to the constraint
• B)a slack variable is added to the constraint
• C)an extra decision variable is added to the constraint
• D)the <= sign is changed to an = sign

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Definitions:

Planned Economies

Economic systems where government agencies centrally plan and direct all major economic activities, assigning resources and determining outputs with the aim of achieving specific goals.

U.S. Firms

Companies or businesses that are registered, operate, or have their headquarters in the United States.

Bankrupt

A legal status of a person or entity that cannot repay debts to creditors and is thus subject to specific legal processes.

Life Expectancy

The average number of years an individual is expected to live, based on current mortality rates.