According to Table M7-3, which is the final simplex tableau for a linear programming problem (maximization),
what would happen to profits if the X1 column were selected as the pivot column and another iteration of the simplex algorithm were performed?
A) Total profits would increase.
B) Total profits would decrease.
C) An infeasible solution would be found.
D) Another optimal solution would be found.
E) None of the above
B
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When Nokia introduces their first camera-phone there was no existing market to research. Their potential market was considered a(n) ___________.
A. incipient market B. emerging market C. potential market D. profitable market E. latent market
Harris, Inc
had the following balances and transactions during 2017: Beginning Merchandise Inventory as of January 1, 2017 160 units at $70 March 10 Sold 80 units June 10 Purchased 175 units at $77 October 30 Sold 175 units What would be reported for Cost of Goods Sold on the income statement for the year ending December 31, 2017 if the perpetual inventory system and the last-in, first-out inventory costing method are used? A) $19,075 B) $13,475 C) $5,600 D) $17,850