A Marketing Research Application Uses the Variable HD to Represent $\ge$

question 34

Multiple Choice

A marketing research application uses the variable HD to represent the number of homeowners interviewed during the day. The objective function minimizes the cost of interviewing this and other categories and there is a constraint that HD $\ge$ 100. The solution indicates that interviewing another homeowner during the day will increase costs by 10.00. What do you know?

• A)the objective function coefficient of HD is 10.
• B)the dual price for the HD constraint is 10.
• C)the objective function coefficient of HD is -10.
• D)the dual price for the HD constraint is -10.

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Definitions:

Abstract Good

A concept or idea of good that is not tied to any specific concrete examples or manifestations.

Cultural Relativism

A concept in anthropology that holds the belief that a person's beliefs, values, and practices should be understood based on that person's own culture, rather than judged against the criteria of another culture.

Moral Isolationism

The belief that one cannot or should not make moral judgments about the practices of cultures other than one's own.

Historical Periods

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