A Binding Greater Than or Equal to $\ge$ ) Constraint in a Minimization Problem Means That
A)the Variable

question 65

Multiple Choice

A binding greater than or equal to ( $\ge$ ) constraint in a minimization problem means that

• A)the variable is up against an upper limit.
• B)the minimum requirement for the constraint has just been met.
• C)another constraint is limiting the solution.
• D)the shadow price for the constraint will be positive.

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Definitions:

Domestic Consumption

The total amount of goods and services consumed within a country.

Indebtedness

The condition of owing money or being under financial obligation.

Economy Recovers

The process by which an economy returns to a state of growth or improves in its indicators after a period of recession or decline.

Trade Deficit

Occurs when a country's imports exceed its exports during a given time period, indicating an outflow of domestic currency to foreign markets.