A company will be able to obtain a quantity discount on component parts for its three products, X₁, X₂ and X₃ if it produces beyond certain limits. To get the X₁ discount it must produce more than 50 X₁'s. It must produce more than 60 X₂'s for the X₂ discount and 70 X₃'s for the X₃ discount. How many decision variables are required in the formulation of this problem? A) 3 B) 6 C) 9 D) 12

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The Answer of A company will be able to obtain a quantity discount on component parts for its three products, X₁, X₂ and X₃ if it produces beyond certain limits. To get the X₁ discount it must produce more than 50 X₁'s. It must produce more than 60 X₂'s for the X₂ discount and 70 X₃'s for the X₃ discount. How many decision variables are required in the formulation of this problem? A) 3 B) 6 C) 9 D) 12

A Company Will Be Able to Obtain a Quantity Discount