Question: Consider a partial output from a cost minimization problem that has been solved to optimality. Name Labor Time Final Value 700 It will be zero.

Consider a partial output from a cost

Consider a partial output from a cost minimization problem that has been solved to optimality. Name Labor Time Final Value 700 It will be zero. It will be more negative. It will be positive. O It will be less negative. Shadow O It will remain at -6. Price -6 Constraint Allowable Allowable R.H. Side Increase Decrease The Labor Time constraint is a resource availability constraint. What will happen to the dual value (shadow price) if the right-hand-side for this constraint increases to 750? 700 100 200

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