For a nonbinding constraint,if the left side is greater than the right side,we say that there is surplus; if the left side is smaller than the right side,we say that there is slack.

Name: For a nonbinding constraint,if the left side is greater than the right side,we say that there is surplus; if the left side is smaller than the right side,we say that there is slack.
Brand: Quizplus
Rating: 4.8 (31 reviews)

Question

Quizplus · Accepted Answer

This statement correctly describes the meaning of surplus and slack in the context of nonbinding constraints.

For a Nonbinding Constraint,if the Left Side Is Greater Than