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Which of the following is not a major requirement of a Linear Programming Problem?
There must be alternative course of action among which to decide
An objective for the firm must exist
The problem must be of maximization type
Resources must be limited
Expert Answer
Answer –
The problem must be of maximization type
Explanation-
The linear programming method is applied on both minimized as well as maximized problems,Then there are a number of linear inequalities or constraints.
