Which of the Following Statements Regarding Linear Programming Is NOT

question 50

Multiple Choice

Which of the following statements regarding linear programming is NOT true?

• A)A linear programming problem can have more than one optimal solution.
• B)Most real-world linear programming problems are solved on a computer.
• C)If a binding constraint were relaxed,the optimal solution wouldn't change.
• D)A surplus variable is added to a > constraint to convert it to an equality.

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Definitions:

Government Intervention

Actions taken by the government to influence or directly control economic or market conditions.

External Costs

Costs incurred by third parties who are not involved in a transaction, often leading to market failure if not properly accounted for.

Perfect Information

A market condition where all participants have complete and identical information about the product, including its price and quality.

Minimum Imposed Price

An external intervention (usually by the government) to set a price floor, preventing the market price from falling below a certain level.