Which of These Statements Are True of Multiple Optimal Solutions

question 56

Multiple Choice

Which of these statements are true of multiple optimal solutions?

• A)All solutions have the same values for the decision variables.
• B)All solutions have the same value for the objective function.
• C)All solutions have the same shadow prices.
• D)All of these statements are true.

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Definitions:

Labor-market Discrimination

Unfair treatment of workers based on personal characteristics unrelated to their job performance or skills, such as race, gender, or age.

Racial Minority

A group of people identified by their race who make up a smaller percentage of the total population than the majority group.

Labor Market

The supply of available workers in relation to available work.

Wages

The monetary compensation paid by employers to employees for their labor, typically calculated on an hourly, daily, or piecework basis.