For a less than or equal to (

Question

For a less than or equal to (<)constraint the shadow price represents the
A)amount you would be willing to pay for one additional unit of a resource.
B)amount you at which you would be willing to sell one additional unit of a resource.
C)difference between the slack price and the surplus price.
D)difference between the surplus price and the slack price.

Quizplus · Accepted Answer

The shadow price for a less than or equal to constraint indicates the amount you would be willing to pay for one additional unit of a resource, as it represents the increase in the objective function value per unit increase in the right-hand side of the constraint.

For a Less Than or Equal to (<)Constraint the Shadow