The lower bound of the feasibility range of a nonbinding constraint is determined by decreasing the RHS of the constraint by the amount of surplus.

Question

Quizplus · Accepted Answer

The lower bound of the feasibility range of a nonbinding constraint is determined by decreasing the RHS of the constraint by the amount of surplus. This is because the surplus represents the amount by which the constraint is not binding, and therefore the lower bound of the feasibility range is the RHS of the constraint minus the surplus.

The Lower Bound of the Feasibility Range of a Nonbinding