For Any Constraint, Either Its Slack/surplus Value Must Be Zero

question 11

True/False

For any constraint, either its slack/surplus value must be zero or its dual price must be zero.

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Definitions:

Caveat Emptor

“Let the buyer beware.”

Unmerchantable

Referring to goods or products that fail to meet minimum quality standards for sale to consumers or are otherwise unfit for their intended purpose.

Merchantability

A warranty that goods sold meet reasonable quality and usage standards as per the market.

Implied Warranty

A legal assumption that a product will meet certain standards of quality and reliability even if not explicitly stated.