For a Linear Programming Problem, Assume That a Given Resource

question 38

Multiple Choice

For a linear programming problem, assume that a given resource has not been fully used. We can conclude that the shadow price associated with that constraint

• A) will have a positive value.
• B) will have a negative value.
• C) will have a value of zero.
• D) could have a positive, negative or a value of zero. (no sign restrictions).

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Definitions:

Marginal Efficiency

The rate of return on an investment that is additional or marginal to the current level of investment.

Capital

Assets or resources, such as machinery, buildings, or money, that can be used to produce goods and services and generate wealth.

Coined

Refers to the creation of a new word or phrase or the process of making coins as a form of currency.

Interest Rate

The percentage at which interest is paid by borrowers for the use of money that they borrow from a lender.