Shadow Prices Are Associated with Nonbinding Constraints,and Show the Change

question 63

True/False

Shadow prices are associated with nonbinding constraints,and show the change in the optimal objective function value when the right side of the constraint equation changes by one unit.

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Definitions:

Dixiecrats

A political party in the United States, officially known as the States' Rights Democratic Party, that split from the Democratic Party in 1948, advocating for racial segregation and states' rights.

States' Rights Democrats

A faction within the Democratic Party that emerged in the mid-20th century, advocating for states' rights to legislate and govern without federal intervention, particularly on issues of racial segregation.

J.Strom Thurmond

A long-serving U.S. senator known for his strong support of racial segregation and opposition to civil rights legislation.

Taft-Hartley Act

A 1947 United States federal law that restricts the activities and power of labor unions.