An Analyst, Having Solved a Linear Programming Problem, Determined That

question 87

Multiple Choice

An analyst, having solved a linear programming problem, determined that he had 10 more units of resource Q than previously believed. Upon modifying his program, he observed that the list of basic variables did not change, but the value of the objective function increased by $30. This means that resource's Q's shadow price was

• A)$1.50.
• B)$3.00.
• C)$6.00.
• D)$15.00.
• E)$30.00.

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Definitions:

Dialectic Relationship

refers to a process of interaction and opposition between ideas or forces that leads to the development of new understandings or synthesis.

Followership Research

The study of the role, behavior, and impact of followers in the leader-follower dynamic within organizations.

Leadership Style

The characteristic manner and approach of providing direction, implementing plans, and motivating people within organizational settings.

Worker Productivity

The efficiency and effectiveness with which an employee or workforce converts inputs (like labor and raw materials) into outputs (such as goods and services).