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Business Decision Modeling-Quiz 6

Business Decision Modeling-Quiz 6

Q Question 1 1 out of 1 points Refer to the investment problem shown below. The budget available in year 1 is $14,000, while the budget available in year 2 is $4,500. A financial advisor recommended selecting investments 1, 5, and 6. Question 2 Concerning sensitivity analysis, if a resource or constraint has slack, the constraint will have a non-zero shadow price.Question 4 1 out of 1 points The objective function of an optimization problem is ... Question 5 1 out of 1 points Suppose that two constraints of a linear program are 2X+Y ? 4000 and X+2Y ? 5000. The corner point representing the intersection of these two constraints is ... Question 6 1 out of 1 points A distributor packages and sells two types of products, A and B. The respective sales prices for the products are $10 and $5. The distributor has enough storage capacity for 5000 total products. Packaging for product A requires 2 hours and for product B requires 5 hours. The packaging budget allows for only 1000 hours of labor for packaging. This linear program can be formulated as ...

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1.Selected Answer: a. This combination is not feasible because it exceeds the first year budget. 2.Selected Answer: False 3.Selected Answer: a. the output that is to be maximized or minimized. 5.Selected Answer: d. Y is 2000, X is 1000. 6.Selected Answer: b. Maximize 10A + 5B, such that, A + B <= 5000, and 2A + 5B <= 1000, and A >= 0, and B >= 0