40 Questions, I need the answers only, no need to show work. I need it by 10pm eastern Document Preview: Question 1 In general, an increase in price increases the break even point if all costs are...

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40 Questions, I need the answers only, no need to show work. I need it by 10pm eastern


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Question 1 In general, an increase in price increases the break even point if all costs are held constant. AnswerTrue False 5 points Question 2 In linear programming problems, multiple optimal solutions occur when constraints are parallel to each other. AnswerTrue False 5 points Question 3 A change in the value of an objective function coefficient will always change the value of the optimal solution. AnswerTrue False 5 points Question 4 Fractional relationships between variables are not permitted in the standard form of a linear program. AnswerTrue False 5 points Question 5 In a total integer model, all decision variables have integer solution values. AnswerTrue False 5 points Question 6 In a transshipment problem, items may be transported from destination to destination and from source to source. AnswerTrue False 5 points Question 7 The events in an experiment are mutually exclusive if only one can occur at a time. AnswerTrue False 5 points Question 8 The minimax criterion minimizes the maximum payoff. AnswerTrue False 5 points Question 9 Excel can be used to simulate systems that can be represented by both discrete and continuous random variables. AnswerTrue False 5 points Question 10 A cycle is an up and down movement in demand that repeats itself in less than 1 year. AnswerTrue False 5 points Question 11 Which of the following is an equation or an inequality that expresses a resource restriction in a mathematical model? Answer a decision variable.a parameter.an objective function.a constraint. 5 points Question 12 If the price decreases but fixed and variable costs do not change, the break even point Answer decreasesincreasesremains the samemay increase or decrease, depending on sales 5 points Question 13 Cully furniture buys 2 products for resale: big shelves (B) and medium shelves (M). Each big shelf costs $500 and requires 100 cubic feet of storage space, and each medium shelf costs $300...



Answered Same DayDec 31, 2021

Answer To: 40 Questions, I need the answers only, no need to show work. I need it by 10pm eastern Document...

David answered on Dec 31 2021
124 Votes
Question 1
In general, an increase in price increases the break even point if all costs are held constant.
Answer True
False
5 points
Question 2
In linear programming problems, multiple optimal solutions occur when constraints are parallel to each
other.
Answer True
False
5 points
Question 3
A change in the value of an objective function coefficient will always change the value of the o
ptimal
solution.
Answer True
False
5 points
Question 4
Fractional relationships between variables are not permitted in the standard form of a linear program.
Answer True
False
5 points
Question 5
In a total integer model, all decision variables have integer solution values.
Answer True
False
5 points
Question 6
In a transshipment problem, items may be transported from destination to destination and from source
to source.
Answer True
False
5 points
Question 7
The events in an experiment are mutually exclusive if only one can occur at a time.
Answer True
False
5 points
Question 8
The minimax criterion minimizes the maximum payoff.
Answer True
False
5 points
Question 9
Excel can be used to simulate systems that can be represented by both discrete and continuous random
variables.
Answer True
False
5 points
Question 10
A cycle is an up and down movement in demand that repeats itself in less than 1 year.
Answer True
False
5 points
Question 11
Which of the following is an equation or an inequality that expresses a resource restriction in a
mathematical model?
Answer

a decision variable.

a parameter.

an objective function.

a constraint.
5 points
Question 12
If the price decreases but fixed and variable costs do not change, the break even point
Answer

decreases

increases

remains the same

may increase or decrease, depending on sales
5 points
Question 13
Cully furniture buys 2 products for resale: big shelves (B) and medium shelves (M). Each big shelf costs
$500 and requires 100 cubic feet of storage space, and each medium shelf costs $300 and requires 90
cubic feet of storage space. The company has $75000 to invest in shelves this week, and the warehouse
has 18000 cubic feet available for storage. Profit for each big shelf is $300 and for each medium shelf is
$150. What is the storage space constraint?
Answer

90B + 100M ≥ 18000

90B + 100M ≤ 18000

100B + 90M ≤ 18000

500B + 300M ≤ 18000
5 points
Question 14
A slack variable
Answer

is the amount by which the left side of a ≥ constraint is larger than the right side

is the amount by which the left side of a ≤ constraint is smaller than the right side

is the absolute value of the difference between the left and right side of a constraint

all of the above
5 points
Question 15
For a maximization problem, assume that a constraint is binding. If the original amount of a resource is 4
lbs., and the range of feasibility (sensitivity range) for this constraint is from 3 lbs. to 6 lbs., increasing
the amount of this resource by 1 lb. will result in the:
Answer

same product mix, different total profit

different product mix, same total profit as before

same product mix, same total profit

different product mix, different total profit
5 points
Question 16
The production manager for Beer etc. produces 2 kinds of beer: light (L) and dark (D). Two resources
used to produce beer are malt and wheat. He can obtain at most 4800 oz of malt per week and at most
3200 oz of wheat per week respectively. Each bottle of light beer requires 12 oz of malt and 4 oz of
wheat, while a bottle of dark beer uses 8 oz of malt and 8 oz of wheat. Profits for light beer are $2 per
bottle, and profits for dark beer are $1 per bottle. What is the optimal weekly profit?
Answer

$1000

$900

$800

$700
5 points
Question 17
The owner of Black Angus Ranch is trying to determine the correct mix of two types of beef feed, A and
B which cost 50 cents and 75 cents per pound, respectively....
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