A Linear Programming Problem Contains a Restriction That Reads "The

question 78

Multiple Choice

A linear programming problem contains a restriction that reads "the quantity of X must be at least three times as large as the quantity of Y." Which of the following inequalities is the proper formulation of this constraint?

• A)3X ≥ Y
• B)X ≤ 3Y
• C)X + Y ≥ 3
• D)X - 3Y ≥ 0
• E)3X ≤ Y

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Definitions:

Supply

The total amount of a good or service that is available for purchase at any given price point.

Equilibrium Price

The equilibrium price where the supply of goods meets the demand for those goods in the marketplace.

Equilibrium Quantity

The quantity of goods or services supplied that is equal to the quantity demanded at the market price.

Simultaneous Decrease

A situation where two or more economic variables or quantities decline at the same time.