MT1

Question 1

Objective function coefficients

Answer 1

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Question 2

Optimal solution

Answer 2

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Question 3

Alternate optimal solutions

Answer 3

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Question 4

Decision variable

Answer 4

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Question 5

Constraints

Answer 5

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Question 6

Binding and non-binding constraints

Answer 6

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Question 7

Feasible region

Answer 7

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Question 8

Production possibility frontier

Answer 8

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Question 9

Isoprofit or equal profit lines

Answer 9

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Question 10

Redundant constraints

Answer 10

Don’t affect feasible region

Question 11

Corner points

Answer 11

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Question 12

Non-negativity

Answer 12

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Question 13

Bounded region or solution

Answer 13

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Question 14

Unbounded region or solution

Answer 14

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Question 15

Problem formulation

Answer 15

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Question 16

Certainty

Answer 16

Proportionality

Question 17

Additivity

Answer 17

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Question 18

Divisibility

Answer 18

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Question 19

Maximization and minimization

Answer 19

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Question 20

Surplus

Answer 20

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Question 21

Slack

Answer 21

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Question 22

RHS

Answer 22

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Question 23

LHS

Answer 23

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Question 24

Constraint coefficients

Answer 24

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Question 25

Grater than concept

Answer 25

Has to do with product/ obj function

Question 26

Less than function

Answer 26

Has to do with resources

Question 27

infeasibility

Answer 27

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Question 28

Linearity

Answer 28

Deterministic models

Question 29

Sensitivity

Answer 29

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Question 30

Shadow price

Answer 30

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Question 31

Reduced cost

Answer 31

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Question 32

Allowable increase and decrease

Answer 32

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Question 33

100% Rule

Answer 33

Е. (Change/allowable change)

Question 34

Objective function

Answer 34

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