The shadow price for a constraint is the amount the objective function will increase if one more unit of the constraint is obtained
Indicate whether the statement is true or false
True
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Percy Martin has gross earnings of $3,500 and withholdings of $217 for Social Security tax, $51 for Medicare tax, and $420 for federal income tax. His employer pays $217 for Social Security tax, $51 for Medicare tax, $28 for FUTA tax, and $189 for SUTA tax. The total cost of Martin to his employer is
a. $485; b. $3,500; c. $3,717; d. $3,985; e. $4,648
A _____ line is made of 24 channels (groups of wires) of 64 Kbps each.
A. T1 B. T2 C. T3 D. T4
The challenge of hospitality is best explained as ______.
a. getting employees to smile at all guests b. finding employees with good experience in hospitality c. ensuring that employees always offer the high level of service the guest wants and expects every time, perfectly d. providing a good product regardless of the setting or the service delivery system
Opportunity cost is the benefit ________.
A) received by selling goods on behalf of another division B) received by selling goods to one of the other divisions within the company C) given up by purchasing goods at a price lower than its total manufacturing cost D) given up by choosing an alternate course of action