Examlex
Which of the following statements about argument making is true?
Shadow Price
In economics and optimization, it refers to the monetary value assigned to an otherwise intangible or non-marketable commodity based on its scarcity or the cost of its limitation in a certain context.
Optimal Solution
The best achievable outcome or decision among a set of alternatives that maximizes or minimizes the desired objective.
Scarce Resources
Resources that are limited in availability and cannot meet all demands of production or consumption at the same time.
Shadow Price
In economic theory, the value of an additional unit of a constrained resource, or the opportunity cost of not having that additional resource available.
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