Given an Objective Function Value of 150 and a Shadow

question 25

Multiple Choice

Given an objective function value of 150 and a shadow price for resource 1 of 5, if 10 more units of resource 1 are added (assuming the allowable increase is greater than 10) , what is the impact on the objective function value?

• A) increase of 50
• B) increase of unknown amount
• C) decrease of 50
• D) increase of 10

---

Definitions:

Functional Fixedness

A cognitive bias that limits a person to use an object only in the way it is traditionally used.

Heuristic

A mental shortcut that allows people to solve problems and make judgments quickly and efficiently.

Algorithm

A methodical process or set of instructions designed to resolve an issue.

Fixation

Using a prior strategy and failing to look at a problem from a fresh new perspective.