Linear programming
A)finds the product mix that will maximize profits given the constraints.
B)provides opportunity costs of constraints.
C)allows for sensitivity analysis.
D)All of the answers are correct.

Question

Quizplus · Accepted Answer

Linear programming finds the optimal product mix by maximizing profits while respecting constraints. It also provides opportunity costs for the constraints that are binding and allows for sensitivity analysis to understand how changes in input parameters affect the optimal solution. Therefore, all the answers are correct.

Linear Programming