Determine the values for x and y that will maximize revenue. Given this optimal revenue, what is the amount of slack associated with the first constraint?
Consider the following linear programming problem:
Max Z = $15x + $20y
Subject to: 8x + 5y ? 40
0.4x + y ? 4
x, y ? 0
Answer: x = 0, y = 8, revenue = $160, s1= 0
Business
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A) The size of an emergency fund must be increased. B) Risk provides an incentive for people to engage in loss control. C) Society is deprived of certain goods and services. D) Mental fear and worry are present.
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Because international capital budgeting is so difficult, time consuming, expensive, and uncertain, firms generally forego any type of additional sensitivity analysis after completing a base-case scenario
Indicate whether the statement is true or false.
Business