To determine the number of corner points of the feasible region, let us analyze the constraints: 1. \(x \geq 0\):
This represents the region to the right of the \(y\)-axis, including the \(y\)-axis itself. 2. \(y \geq 0\):
This represents the region above the \(x\)-axis, including the \(x\)-axis itself. 3. \(x + y \geq 4\):
This represents the region above the line \(x + y = 4\).
Rearranging, \(y = 4 - x\), which has intercepts at \(x = 4\) and \(y = 4\).
The feasible region is the intersection of these constraints, which lies in the first quadrant (\(x \geq 0\), \(y \geq 0\)) and above the line \(x + y = 4\). The feasible region is unbounded but has two corner points:
Intersection of \(x + y = 4\) with \(x = 0\): \((0, 4)\), - Intersection of \(x + y = 4\) with \(y = 0\): \((4, 0)\). Hence, the number of corner points is \(2\), and the correct answer is (C).
On the basis of the following hypothetical data, calculate the percentage change in Real Gross Domestic Product (GDP) in the year 2022 – 23, using 2020 – 21 as the base year.
Year | Nominal GDP | Nominal GDP (Adjusted to Base Year Price) |
2020–21 | 3,000 | 5,000 |
2022–23 | 4,000 | 6,000 |