The ________________________ for a constraint is the amount the optimal objective value will change if the right-hand-side of the constraint is increased by one unit.
A) Changing Price
B) Opportunity Cost
C) Shadow Price
D) Opportunity Price
E) Shadow Cost

Question

Quizplus · Accepted Answer

The term "shadow price" refers to the value of a resource in a linear programming problem. It represents the amount by which the value of the objective function would increase or decrease for each unit increase or decrease in the availability of the resource. Therefore, the shadow price is the answer to the given question.

The ________________________ for a Constraint Is the Amount the Optimal