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QUESTION 12 The corner point solution method A will always provide one, and only

ID: 337269 • Letter: Q

Question

QUESTION 12 The corner point solution method A will always provide one, and only one, optimum. will yield different results from the isoprofit line solution method. C requires that the profit from all corners of the feasible region be compared. requires that all corners created by all constraints be compared. QUESTION 13 The difference between the left-hand side and right-hand side of a less-than-or-equal-to constraint is referred to as A. surplus constraint. C slack shadow price. QUESTION 14 A constraint with positive slack or surplus is called a A nonbinding constraint. B. C.binding constraint. D.

Explanation / Answer

QUESTION 12 The corner point solution method A will always provide one, and only one, optimum. will yield different results from the isoprofit line solution method. C requires that the profit from all corners of the feasible region be compared. requires that all corners created by all constraints be compared. QUESTION 13 The difference between the left-hand side and right-hand side of a less-than-or-equal-to constraint is referred to as A. surplus constraint. C slack shadow price. QUESTION 14 A constraint with positive slack or surplus is called a A nonbinding constraint. B. C.binding constraint. D.

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