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1. For a non-binding constraint, within the range of feasibility, the same variables will
remain optimal and their values and the optimal value of the objective function will
also remain the same. State whether True or False with appropriate justification. – 4
Marks
3. In a ≤ constraint, the RHS shows the amount of resource available. The LHS value
calculated using the optimum solution shows the actual amount of resource utilized.
The difference between these two (RHS – LHS) is a non-negative number and shows
the quantum of resource that is unutilized. This unutilized quantity of resource is
called surplus. Comment on the appropriateness of the statement. – 4 Mark
4. A company wants to advertise their product in n different media- TV, newspaper,
website, radio and many others. There is total budget restriction and limit on
investment in each media. In this problem, there will be n decision variables, the
objective function will have n terms, and there would be n number of constraints if
non-negativity constraints are ignored. State whether True or False with appropriate
justification – 3 Marks