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A linear programming problem has two constraints 2X + 4Y ≥ 100 and 1X + 8Y ≤ 100, plus nonnegativity constraints on X and Y. Which of the following statements about its feasible region is true?
Estimated
Approximately calculated or approximated based on available information.
February
The month that follows January and precedes March in the Gregorian calendar system.
Net Operating Income
The amount a business earns after deducting its operational costs, not including taxes and interest expenses.
Variable Costing
An accounting method that includes only variable production costs—direct materials, direct labor, and variable manufacturing overhead—in unit product costs.
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