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An optimization problem that has multiple optimal solutions: A) provides the decision-maker with increased flexibility B) is reflected by the entire feasible region being optimal C) means that there are actually no optimal solutions. D) means that the surplus for a third constraint cannot be calculated.
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A) An optimization problem that has multiple optimal solutions provides the decision maker with the increased flexiblity. For Example: If a firm uses both capital and labor and its optimal solutions are coming out to be (10,20) and (30,5) and at both, these solution sets profits are being maximized, then the producer has the flexibility to use labor and capital of his choice. He may choose to go for (30,5) and hire 30 workers than 10 workers in the other solution set if he sees a lot of unemployment in the economy.

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