In the range of feasibility, the value of the shadow price remains constant.

Name: In the range of feasibility, the value of the shadow price remains constant.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The shadow price, or dual value, of a constraint in linear programming represents the rate of change in the objective function per unit increase in the right-hand side of the constraint, and it remains constant as long as the basis of the optimal solution does not change, which happens within the range of feasibility for that constraint.

In the Range of Feasibility, the Value of the Shadow