A binding greater than or equal to ( ) constraint in a minimization problem means that the minimum requirement for the constraint has just been met another constraint is limiting the solution the shadow price for the constraint will be positive ...

Answer the minimum requirement for the constraint has just been met A binding constra ...

A binding greater than or equal to ( ) constraint in a minimization problem means that

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A binding greater than or equal to ( ≥ ) constraint in a minimization problem means that

the minimum requirement for the constraint has just been met.
another constraint is limiting the solution
. the shadow price for the constraint will be positive.

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Managerial Economics Markets and the Firm

ISBN: 978-0618988624

2nd edition

Authors: William Boyes

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Posted Date: May 22, 2020 06:31 PM

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Managerial Economics Markets and the Firm

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