Question: A linear program for a resource allocation problem has been formulated and solved. The objective is profit maximization. Suppose the shadow price of the availability
A linear program for a resource allocation problem has been formulated and solved. The objective is profit maximization. Suppose the shadow price of the availability constraint for resource R (which is a "" constraint) is $7 per kilogram. Indicate whether each statement is True or False.
1. In the optimal solution, the resource R is completely used. Indicate whether this is True or False.
2. Every additional unit of resource R costs $7, provided its usage is within the allowable limits. Indicate whether this is True or False.
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