Whenever a Constraint Has Positive Slack, the Shadow Price Is

question 4

True/False

Whenever a constraint has positive slack, the shadow price is equal to one.

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Definitions:

Example

An illustration or instance used to explain or support a statement or principle.

Infant's Liability

The legal responsibilities and limitations on contracts or agreements entered into by minors, often subject to special rules and protections.

Torts and Contracts

Legal concepts where torts refer to civil wrongs causing harm or injury for which the law provides remedies, and contracts refer to agreements between parties creating mutual obligations enforceable by law.

Capacity To Enter

The legal ability of a person to enter into a binding contract, typically requiring that the person is of legal age and sound mind.