Multiple Choice
Which of the following statements is true with respect to the optimal solution of an LP problem
A) Every LP problem has an optimal solution
B) Optimal solution of an LP problem always occurs at an extreme point
C) At optimal solution all resources are completely used
D) If an optimal solution exists, there will always be at least one at a corner
Correct Answer:

Verified
Correct Answer:
Verified
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Q15: While plotting constraints on a graph paper,
Q16: An iso-profit line represents<br>A)an infinite number of
Q17: If an iso-profit line yielding the optimal
Q18: Which of the following is not a
Q19: If the value of the objective function
Q20: Maximization of objective function in an LP
Q21: Non-negativity condition is an important component of
Q23: Which of the following is not a
Q24: The distinguishing feature of an LP model