Formulate an lp to minimize the expediting cost such that the project finishes in 90 days. (b) suppose that instead of meeting the deadline exactly, there is a penalty of $290 for each day the project extends beyond 90 days. in addition, there is a reward of $250 for every day the project finishes under 90 days. write two (or one) linear programming problems to determine by

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.