A shadow price (or dual value) reflects which of the following in a maximization problem?
A) the marginal gain in the objective realized by subtracting one unit of a resource
B) the market price that must be paid to obtain additional resources
C) the increase in profit that would accompany one added unit of a scarce resource
D) the reduction in cost that would accompany a one unit decrease in the resource
E) the profit contribution necessary for that item to be included in the optimal solution
C
You might also like to view...
Classify each of the following items as either: A. Current liabilityB. Long-term liabilityC. Not a liability 1.60-day note payable 2.A loan due in 3 months 3.Salaries payable 4.Debt guarantees 5.FICA taxes payable 6.Income taxes payable 7.A note payable due in 45 days 8.A loan due in 10 years 9.Warranty work completed this year10.Accounts payable
What will be an ideal response?
If a universal defense is proven, the holder or HDC cannot recover on the negotiable instrument
Indicate whether the statement is true or false
Reports for each sales person, product, and part are examples of detail or fine information granularities.
Answer the following statement true (T) or false (F)
With _____, a domestic firm assumes an equity position (partial ownership) in a foreign firm to manufacture and/or market the domestic company's goods.
A. direct investment B. a joint venture C. a buying-for-export agreement D. a contractual agreement E. a franchise relationship