​The Dual Price for a < Constraint

question 54

Multiple Choice

​The dual price for a < constraint

• A) ​will always be < 0.
• B) ​will always be > 0.
• C) ​will be < 0 in a minimization problem and > 0 in a maximization problem.
• D) ​will always equal 0.

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Definitions:

Obligor

In contract law, the party who is obligated to deliver on a promise or to undertake some act.

Assignment

A legal transfer of rights, benefits, or obligations from one party to another.

Quantum Meruit

is a Latin term meaning "as much as he has earned," used in legal contexts to describe the entitlement to be paid for services rendered or work done when no contract exists or where a contract exists but cannot be enforced.

Court-Created Damages

Damages awarded by a court as a remedy in a lawsuit, often in cases where traditional damages are insufficient to resolve the harm done.