In Pricing Out a New Variable,the Worth or Value of Resources

question 9

Multiple Choice

In pricing out a new variable,the worth or value of resources consumed is typically measured by:

• A)reduced costs
• B)the 100% rule
• C)shadow prices
• D)slack values
• E)surplus values

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Definitions:

Logarithms

The mathematical operation that determines the power to which a base number is raised to obtain a certain value.

Convergence

Binocular depth perception cue; the rotation of the two eyes in their sockets to focus on a single object, resulting in greater convergence for closer objects and lesser convergence if objects are distant.

GPS Location

A system that uses satellite signals to determine the precise location of a device or individual on Earth.

Mental Image

A representation in the mind of a sensory experience or object, enabling visualization or imagination of scenarios not physically present.