The dual price associated with a constraint is the change in the value of the solution per unit decrease in the right-hand side of the constraint
a. True
b. False
Indicate whether the statement is true or false
False
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A service results in ownership on the part of the client
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
The income statement for Nighty Night, Inc. is divided into two product lines, blankets and pillows, as follows:
Nighty Night, Inc. should eliminate the pillows product line only, if by doing so, they can eliminate more than $70,000 of fixed costs.
At a certain level of operations, per unit costs and profit for Athena Manufacturing Company are as follows: manufacturing costs, $ 150; selling and administrative costs, $ 50; desired profit $50 . Given this information, the mark-on percentage to manufacturing cost used to determine selling price must have been:
a. 25 percent b. 33 percent c. 75 percent d. 67 percent
________ is the total amount of money a seller makes by selling a product before any costs are
subtracted. A) Net income B) Revenue C) Profit D) Economic surplus