Assume that the reduced cost of a decision variable is -$20 for a maximization problem. This implies that:
A) the objective function value will decrease by $20 if we do not produce any units of this product
B) the objective function value will not change if we produce an additional unit of this product
C) the objective function value will increase by $20 if we produce an additional unit of this product
D) the shadow price value will decrease by $20 if we produce an additional unit of this product
E) the objective function value will decrease by $20 if we produce an additional unit of this product
E
You might also like to view...
When preparing the list of references in the APA style,
A) include all the works you consulted, even if you didn't actually cite them anywhere in the text. B) include full information on any personal communications or interviews you conducted in your research. C) include only those works that you specifically cited in the text. D) include cites for further reading and research opportunities.
The most widely used form of transport is ________
A) water B) air C) truck D) pipeline E) rail
Sarah’s boss tells her that the promotion she desires is contingent on whether she successfully completes an important project. What type of power is her boss exercising?
A) Expert power B) Overt power C) Managerial power D) Covert power
Which of the following equations best depicts a basic production budget?
A) Required production = Projected sales - Desired ending inventory + Beginning inventory B) Required production = Projected sales + Desired ending inventory - Beginning inventory C) Required production = Projected sales - Desired ending inventory - Beginning inventory D) Required production = Projected sales + Desired ending inventory + Beginning inventory