The difference between the left-hand side and right-hand side of a less-than-or-equal-to constraint is referred to as
A)surplus.
B)constraint.
C)slack.
D)shadow price.

Question

Quizplus · Accepted Answer

The difference between the left-hand side and right-hand side of a less-than-or-equal-to constraint is referred to as slack. Surplus refers to the excess capacity if the value on the left-hand side is greater than the value on the right-hand side. Constraint refers to the limit set by the inequality constraint. Shadow price is the change in the objective function value due to a change in the right-hand side of the constraint.

The Difference Between the Left-Hand Side and Right-Hand Side of a Less-Than-Or-Equal-To