Question 4- CHOOSE TRUE OR FALSE J/F-Every LP has an optimal solution. T/F-All parameters arerepresented numerically, and all decision variables are represented with symbols (letters) T/F-Corner points and extreme points of an LP are the same.

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Question 4- CHOOSE TRUE OR FALSE
J/F -Every LP has an optimal solution.
T/F-All parameters arerepresented
numerically, and all decision variables are
represented with symbols (letters)
T/F-Corner points and extreme points of an
LP are the same.
T/F-Every basic solution is an extreme point
of the feasible region.
T/F-Every extreme point of the feasible
region is a basic solution.
T/F-Any point located in the interior of the
feasible region (not on the boundary) can be
written as a convex combination of two
extreme points.
T/ F-Feasible region of an LP is always
concave.
J/ F -Isocost and isoprofit lines are graphed
while solving maximization and minimization
problems, respectively.
T/F-A constraint is said to be binding if
removing itchanges the shape of the feasible
region.
Transcribed Image Text:Question 4- CHOOSE TRUE OR FALSE J/F -Every LP has an optimal solution. T/F-All parameters arerepresented numerically, and all decision variables are represented with symbols (letters) T/F-Corner points and extreme points of an LP are the same. T/F-Every basic solution is an extreme point of the feasible region. T/F-Every extreme point of the feasible region is a basic solution. T/F-Any point located in the interior of the feasible region (not on the boundary) can be written as a convex combination of two extreme points. T/ F-Feasible region of an LP is always concave. J/ F -Isocost and isoprofit lines are graphed while solving maximization and minimization problems, respectively. T/F-A constraint is said to be binding if removing itchanges the shape of the feasible region.
TŽF-A constraint is non-binding if the
corresponding slack variable has a positive
value defined by an optimal solution of the LP.
J/ F -Simplex algorithm finds and
evaluatesthe objective function value of all
extreme points.
T/F-A standard form LP with n variables and
m constraints yields a n by m technology
matrix (denoted by A).
Transcribed Image Text:TŽF-A constraint is non-binding if the corresponding slack variable has a positive value defined by an optimal solution of the LP. J/ F -Simplex algorithm finds and evaluatesthe objective function value of all extreme points. T/F-A standard form LP with n variables and m constraints yields a n by m technology matrix (denoted by A).
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