A Section of Output from the Management Scientist Is Shown

question 64

Multiple Choice

A section of output from The Management Scientist is shown here. $$\begin{array} { c c c c } \text { Variable } & \text { Lower Limit } & \text { Current Value } & \text { Upper Limit } \\\hline 1 & 60 & 100 & 120\end{array}$$ What will happen to the solution if the objective function coefficient for variable 1 decreases by 20?

• A)Nothing. The values of the decision variables, the dual prices, and the objective function will all remain the same.
• B)The value of the objective function will change, but the values of the decision variables and the dual prices will remain the same.
• C)The same decision variables will be positive, but their values, the objective function value, and the dual prices will change.
• D)The problem will need to be resolved to find the new optimal solution and dual price.

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Definitions:

Complementary Good

A product that is consumed along with another, such that the demand for one increases the demand for the other.

Buyers

Buyers are individuals or entities that purchase goods and services for personal use, resale, or production purposes in the market.

Complementary Goods

Products or services that are typically used together, where the increase in consumption of one leads to an increase in consumption of the other.

Good X

A term used to denote a specific product or commodity in economic models.