If the Dual Price for B₁ Is 2

question 13

Multiple Choice

If the dual price for b₁ is 2.7, the range of feasibility is 20 ≤ b₁ ≤ 50, and the original value of b₁ was 30, which of the following is true?

• A) There currently is no slack in the first constraint.
• B) We would be willing to pay up to $2.70 per unit for up to 20 more units of resource 1.
• C) If only 25 units of resource 1 were available, profit would drop by $13.50.
• D) Each of the above is true.

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Definitions:

Poverty Rate

The percentage of people residing under the poverty threshold, signifying the degree of financial hardship in a community.

Higher Income

Refers to earnings that are above the median income level for a given region or population, often associated with greater economic stability and purchasing power.

Poverty Line

is a threshold set by a government or organization, below which individuals or families are considered to live in poverty, based on income.

Poverty Rate

A measure of the proportion of a population living below the poverty line, indicating the extent of economic hardship.