A Shadow Price Measures The

question 11

Multiple Choice

A shadow price measures the:

• A) impact of all nonbinding constraints on the objective function simultaneously.
• B) market price of the resource in question.
• C) total profit earned from the firm's given decisions.
• D) change in the value of the objective function associated with a unit change in the resource.
• E) loss incurred by not operating at the optimal point of the feasible region.

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