A Shadow Price (Or Dual Value) Reflects Which of the Following

question 3

Multiple Choice

A shadow price (or dual value) reflects which of the following in a maximization problem?

• A) the marginal gain in the objective realized by subtracting one unit of a resource
• B) the market price that must be paid to obtain additional resources
• C) the increase in profit that would accompany one added unit of a scarce resource
• D) the reduction in cost that would accompany a one unit decrease in the resource
• E) none of the above

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Definitions:

Degree of Creativity

The extent or level of originality, innovation, and inventiveness demonstrated by an individual or group, especially in solving problems or creating new concepts or products.

Individual Characteristics

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High Potential

Refers to individuals who have been identified as having the capability and aspiration to hold successive leadership positions within an organization.

Research and Development

The systematic activity combining both basic and applied research, aimed at discovering solutions to problems or creating new goods, processes, or services.