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S-True or False
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Please answer the following questions.



1

Linear programming will generate an optimal solution to an LP problem if one exists.
A)True
B)False
2

The solution to an LP problem is always at a corner point of the feasible solution space.
A)True
B)False
3

As the objective function is moved away from the origin, its value decreases.
A)True
B)False
4

An LP model consists of constraints and decision variables.
A)True
B)False
5

Decision variables represent choices available to the decision maker in terms of amounts of inputs or outputs.
A)True
B)False
6

It is possible to have more than one corner point of the feasible set as an optimum solution to an LP problem.
A)True
B)False
7

All constraints are either < or > inequalities.
A)True
B)False
8

The shadow price remains consant in the range of feasibility
A)True
B)False
9

The range of feasibility is the range of values of the decision variables for which the solution is optimal.
A)True
B)False
10

A shadow price tells how much a decision variable can be increased or decreased without changing the value of the objective function.
A)True
B)False
11

The range of optimality gives ranges of values for the objective-function coefficients within which the values of the decision variables are optimal.
A)True
B)False
12

A binding constraint has zero slack.
A)True
B)False







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