Question

a method for finding the maximum or minimum value of a quantity that is subject to various limitations is called

Answer 1

The minimum or maximum value of a quantity are what are used to maximize or minimize a function.

The method for finding these minimum or maximum value is linear programming.

Take for instance, the following parameters:

$\mathbf{Maximize\ z = 2x + 3y}$

Subject to:

$\mathbf{2x + y \ge 10}$

$\mathbf{x - y < 2}$

$\mathbf{x ,y >0}$

The above is an illustration of a linear programming.

It is useful in the following areas:

• To formulate real life problems
• To get an optimal solution
• To maximize profit and minimize cost
• Etc

Read more about linear programming at:

brainly.com/question/14225202