Assume That the Shadow Price of a Non-Binding "≤" Constraint

question 23

Multiple Choice

Assume that the shadow price of a non-binding "≤" constraint is 5.This implies that:

• A)if the right-hand side value of the constraint increases by 1 unit,the objective function value will increase by 5 units
• B)if the right-hand side value of the constraint increases by 1 unit,the objective function value will decrease by 5 units
• C)if the right-hand side value of the constraint increases by 1 unit,the objective function value will remain unchanged
• D)if the right-hand side value of the constraint decreases by 1 unit,the objective function value will increase by 5 units
• E)if the objective function coefficient increases by 1 unit,the shadow price will increase by 5 units

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Definitions:

Working Memory

A cognitive system responsible for temporarily holding information available for processing and manipulation.

Short-term Memory

Refers to the capacity for holding a small amount of information in an active, readily available state for a brief period of time.

Long-term Memory

The capacity of the brain to store and retrieve information over extended periods, often throughout an individual's lifetime.

Procedural Memory

The type of long-term memory involved in the skill of performing tasks without conscious awareness of the learned skills, such as riding a bike.