The simplex method does not guarantee an integer solution
Indicate whether this statement is true or false.
Answer: TRUE
Business
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A firm makes two products, Y and Z. Each unit of Y costs $10 and sells for $40. Each unit of Z costs $5 and sells for $25. If the firm's goal were to maximize profit, what would be the appropriate objective function?
A) Maximize profit = $40Y = $25Z B) Maximize profit = $40Y + $25Z C) Maximize profit = $30Y + $20Z D) Maximize profit = 0.25Y + 0.20Z E) Maximize profit = $50(Y + Z)
Business
Operating on a global scale is one goal of collaborative commerce
Indicate whether the statement is true or false
Business