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

question 54

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 optimal solution 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:

Sam Walton

The founder of Walmart and Sam's Club, known for his innovative strategies in retail and business leadership.

Success

The achievement of set goals, objectives, or desired outcomes, often marked by favorable results or the attainment of wealth, position, honors, or the like.

Passion

Intense, driving, or overmastering feeling of enthusiasm or desire for something.

Obsession

Obsession is an intense or excessive preoccupation with a particular idea, object, or activity.