The difference between the left-hand side and right-hand side of a greater-than-or-equal-to constraint is referred to as
A)surplus.
B)constraint.
C)slack.
D)shadow price.
E)None of the above

Question

Quizplus · Accepted Answer

The difference between the left-hand side and right-hand side of a greater-than-or-equal-to constraint is referred to as surplus. Surplus represents the amount by which the left-hand side of the constraint exceeds the right-hand side. It indicates how much slack or extra capacity the constraint has.

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