The Lagrange multiplier at the optimum gives only the instantaneous rate of change in the objective value
Indicate whether this statement is true or false.
Answer: TRUE
You might also like to view...
The numerator of the rate of return on common shareholders' equity
a. is the amount of earnings assignable to common shareholders' equity after subtracting all amounts required to compensate other providers of financing for the use of their funds. b. subtracts from net income any earnings allocable to preferred stock equity, usually the dividends on preferred stock declared during the period. c. does not subtract the dividends on common stock because such dividends represent distributions to common shareholders of a portion of the returns generated for them during the period. d. all of the above e. none of the above
Gross margin equals
A) sales revenue - selling and administrative expenses B) sales revenue - cost of goods sold C) cost of goods manufactured + beginning finished goods inventory - ending finished goods inventory D) total product costs + beginning work in process - ending work in process
Which of the following is not a benefit of activity-based costing (ABC)?
A) Increased product cost information B) Increased accuracy in the budgeting process C) Increased implementation costs D) Increased understanding of activities that drive overhead costs
Herb was interviewed for a job on Wednesday. The employer orally offered Herb a job right on the spot. Herb orally agreed to start working the following Monday, to be employed from that Monday, for one year thereafter. Three weeks after starting the job
Herb was fired without cause and replaced by the employer's friend. Will Herb be successful in an action brought against the employer for breach of contract?