Suppose That a Maximization LP Problem Has Corners of (0,0)

question 96

Multiple Choice

Suppose that a maximization LP problem has corners of (0,0) , (10,0) , (5,5) , and (0,7) . If profit is given to be X + 2Y what is the maximum profit the company can earn?

• A) $0
• B) $10
• C) $15
• D) $14
• E) $12

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Definitions:

Quota

A government-imposed trade restriction limiting the number or monetary value of goods that can be imported or exported during a particular period.

Domestic Producers

Manufacturers or producers that operate within a country's borders, contributing to the domestic economy.

Domestic Consumers

Individuals or households within a country that consume goods and services in their domestic market.

Importer

An importer is a person or entity that buys goods or services from another country for domestic use or resale.