Question 1 In general, an increase in price increases the break even point if all costs are held constant. AnswerTrueFalse 5 points Question 2 In linear programming problems, multiple optimal solutions occur when constraints are parallel to each other. AnswerTrueFalse 5 points Question 3 A change in the value of an objective function coefficient will always change the value of the optimal solution. AnswerTrueFalse 5 points Question 4 Fractional relationships between variables are not permitted in the standard form of a linear program. AnswerTrueFalse 5 points Question 5 In a total integer model, all decision variables have integer solution values. AnswerTrueFalse 5 points Question 6 In a transshipment problem, items may be transported from destination to destination and from source to source. AnswerTrueFalse 5 points Question 7 The events in an experiment are mutually exclusive if only one can occur at a time. AnswerTrueFalse 5 points Question 8 The minimax criterion minimizes the maximum payoff. AnswerTrueFalse 5 points Question 9 Excel can be used to simulate systems that can be represented by both discrete and continuous random variables. AnswerTrueFalse 5 points Question 10 A cycle is an up and down movement in demand that repeats itself in less than 1 year. AnswerTrueFalse 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 sales5 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...
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