“true”, “false”, or “it depends” with an explanation as to why.

1. It is ok to run a linear programming problem without constraints. After all, this is capitalism and there are no constraints. 

2. The optimal answer to a linear programming problem always has no slack.  

3.  Given a linear programming optimization problem, with the choice of two products, we know in advance that a possible answer is to make only one product.  

4. Cost minimization problems typically involve constraints that have the phrase “at least”. 

Answer rating: 100% (QA)

1 False Without a constraint a linear program becomes unbounded ie i... View the full answer