The Dual Price for a Constraint That Compares Funds Used

question 5

Multiple Choice

The dual price for a constraint that compares funds used with funds available is 0.058.This means that

• A)the cost of additional funds is 5.8%.
• B)if more funds can be obtained at a rate of 5.5%,some should be.
• C)no more funds are needed.
• D)the objective was to minimize.

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Definitions:

Convention on Contracts for International Sale of Goods

An international treaty that establishes a uniform framework for the law governing the international sale of goods.

Contract Contains

The provision, clauses, and terms encapsulated within a legally binding agreement.

Risk of Loss

The possibility that an asset might be lost, damaged, or diminished in value, often leading to discussions about which party bears this risk in transactions.

UCC Approach

A framework derived from the Uniform Commercial Code, guiding transactions involving personal property, goods, and secured transactions in the United States.