For Any Constraint, Either Its Slack/surplus Value Must Be Zero

question 11

True/False

For any constraint, either its slack/surplus value must be zero or its dual price must be zero.

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Definitions:

Average Total Cost

The total cost divided by the quantity produced, indicative of the cost per unit of output.

Average Fixed Cost

Fixed cost divided by output.

Variable Costs

Expenses that change in proportion to the activity of a business.

Fixed Costs

Expenses that do not change with the level of output or sales in the short term.