A Section of Output from the Management Scientist Is Shown

question 41

Multiple Choice

A section of output from The Management Scientist is shown here. What will happen to the solution if the objective function coefficient for variable 1 decreases by 20?

• A) Nothing. The values of the decision variables, the dual prices, and the objective function will all remain the same.
• B) The value of the objective function will change, but the values of the decision variables and the dual prices will remain the same.
• C) The same decision variables will be positive, but their values, the objective function value, and the dual prices will change.
• D) The problem will need to be resolved to find the new optimal solution and dual price.

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Definitions:

Structured Entity

A specially designed entity created to fulfill specific business needs or purposes, often used in financial engineering or for investment purposes.

Control

The power to direct the financial and operating policies of an entity with an aim to gain economic benefits from its activities.

PSAB Standards

The Public Sector Accounting Board (PSAB) standards are guidelines for financial accounting and reporting in the public sector in Canada.

Canadian Governmental Reporting Standards

Standards and guidelines for financial reporting specifically designed for the public sector in Canada.