For costs to be a linear function of output:
A) returns to each factor input must be constant.
B) input prices must change at a constant rate.
C) product prices must be constant.
D) returns to scale must be constant.
Correct Answer:
Verified
Q2: Net profits equals profit contribution minus:
A) variable
Q3: When an LP objective function is to
Q4: Constrained profit maximization requires:
A) no excess capacity.
B)
Q5: Profit contribution equals total:
A) revenue minus variable
Q6: If the objective function is to maximize
Q7: Combinations of products that generate the same
Q8: If X > 0 in the primal
Q9: Linear programming assumes:
A) falling input prices.
B) increasing
Q10: If QA > 0, then the marginal
Q11: Linear programming is an analytical technique used
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