A Shadow Price Indicates How Much a One-Unit Decrease/increase in the Right-Hand-Side

question 6

True/False

A shadow price indicates how much a one-unit decrease/increase in the right-hand-side value of a constraint will decrease/increase the optimal value of the objective function.

---

Definitions:

Acronym

A word formed from the initial letters of other words and pronounced as a single word (e.g., NATO, laser).

Big Five

A model describing five broad dimensions of human personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism, used in psychological assessment.

Personality Traits

Enduring characteristics that describe an individual's behavior, mindset, and emotional patterns.

Serial-Position Effect

The tendency for individuals to recall the first and last items in a series best, and the middle items worst.