It Has Been Determined That, with Respect to Resource X

question 97

Multiple Choice

It has been determined that, with respect to resource X, a one-unit increase in availability of X would lead to a $3.50 increase in the value of the objective function. This value would be X's:

• A) range of optimality.
• B) shadow price.
• C) range of feasibility.
• D) slack.
• E) surplus.

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Definitions:

Selective Training and Service Act

The 1940 law that initiated the first peacetime draft in United States history, requiring men of certain ages to enroll for potential military service.

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