Question

Linear programming is also known as _________.

• A. mathematical programming and activity analysis
• B. theory of factor pricing
• C. inter industry analysis
• D. ces production function

Answer 1

The correct option is A mathematical programming and activity analysis

Programming has different meaning in various subjects. For example, in computer science programming means to write certain programs which would be used in various applications. In economics, programming means to plan and schedule the factors of production in order to get the most efficient output. Linear programming is used to find out the cheapest combination of the four factors of production to produce a certain output. This method can be done using various equations and it can also be calculated by using diagrams.