​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:

R&D Expenditures

Funds allocated towards research and development activities by companies or governments, aiming for innovation and technological advancements.

Fast-Second Strategy

A business approach where companies quickly follow pioneers in a market, improving on their innovations or reducing costs to gain competitive advantage.

Economic Efficiency

The optimal distribution of resources to meet the needs and wants of a society, minimizing waste and maximizing value.

Productive Efficiency

A situation in which a firm or economy produces goods at the lowest possible cost, utilizing all available resources efficiently.