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“The sales price of units produced/sold may be a constraint in a linear programming problems”
true or false?
i said false, bpp says true.
please explain
It is true 🙂
Although it would never occur in a ‘numbers’ question in the exam, there could be a situation in practice where the sales price could be changed. Then there could be a constraint that for some reason it could never go above a certain amount (or could never go below a certain amount – certainly you would not normally want it to go below cost!)
Again don’t worry about it for a calculation question – that couldn’t be asked 🙂
ok..my bad. I had answered True, but the text says it is False
the answer explain it as:”sales price (to maximize revenue) or sales price minus variable cost (to maximize contribution) affect the Objective function but not the constraints”
so it seems its more like question on the equations of the linear programming – understanding of the difference between the objective function and the constraint functions.
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