The objective function coefficient of an artificial variable for a minimization linear programming problem is:
A) +M.
B) -M.
C) 0.
D) 1.
E) an arbitrary value between 0 and positive infinity
Answer: A
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Concomitant variation is the extent to which a cause, X, and an effect, Y, occur together or vary together in the way predicted by the hypothesis under consideration
Indicate whether the statement is true or false
Impact of changes in RHS values of constraints is typically measured by the:
A) reduced cost B) RHS allowable increase value C) RHS allowable decrease value D) shadow price E) objective function coefficients
The daily demand for bottled water is 35 bottles when the price is set at $1. However, if the price is raised to $5, the demand is only 5 bottles. The bottled water producer is willing to supply 40 bottles if the price is set at $5 per bottle, but will only supply 10 bottles if the price is set at $2. Draw the supply and demand curves for the water bottles on the graph below. Label each curve and each axis. At what level does equilibrium occur? What are the areas of surplus and shortage?
What will be an ideal response?
Robert likes the kind of work he does in his office. He proactively seeks and accepts responsibility whenever the opportunity comes up. His firm exercise of self-control also helps him to successfully meet the company goals. This scenario is reflective of the assumptions of _____.
A. Theory X B. Theory Y C. expectancy theory D. equity theory