Question: For a minimization problem, if one constraint's final value (LHS) is 368, and its shadow price is negative, which of the following is true? a.

For a minimization problem, if one constraint's final value (LHS) is 368, and its shadow price is negative, which of the following is true?

a. That specific constraint is binding.

b. That specific constraint is non-binding.

c. The right-hand-side (RHS) value of that constraint is less than 368.

d. The right-hand-side (RHS) value of that constraint is larger than 368.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Q:

stuck with this question can you help out? For a minimization problem, if one constraint's final value (LHS) is 368, and its shadow price is negative, which of the following is true? a. The...

Q:

For a minimization problem, if one constraint's final value (LHS) is 368, and its shadow price is negative, which of the following is true? A.That specific constraint is non-binding. B.The...

Q:

For a minimization problem, if one constraints final value (LHS) is 368, and its shadow price is negative, which of the following is true? The right-hand-side (RHS) value of that constraint is less...

Q:

This is output from a MINIMIZATION problem. I want to remind you that when Excel reports dual variables (shadow prices), the shadow price = (Objective value AFTER right hand side change of +1)...

Q:

Dry Creek Wine delivers wine boxes to interested connoisseurs. They offer four gourmet wine assortments: Four Wines , Awesome ( OSM ) Red , Whites , and Party Time , each at a different price. Each...

Q:

Dry Creek Wine delivers wine boxes to interested connoisseurs. They offer four gourmet wine assortments: Four Wines , Awesome ( OSM ) Red , Whites , and Party Time , each at a different price. Each...

Q:

Practice set - Lecture 2 LP sensitivity A constraint with a positive slack value a . will have a positive shadow price. b . will have a negative shadow price. c . will have a shadow price of zero. d...

Q:

This is output from a MINIMIZATION problem. I want to remind you that when Excel reports dual variables (shadow prices), the shadow price = (Objective value AFTER right hand side change of +1)...

Q:

Answer this question with respect to Output posted in Canvas. Which of the following statements is true? Group of answer choices If the right hand side for constraint 1 is changed to 241 and the...

Q:

This is output from a MINIMIZATION problem. I want to remind you that when Excel reports dual variables (shadow prices), the shadow price = (Objective value AFTER right hand side change of +1)...

Q:

Obesity is becoming one of the major health problems in the society due to bad feeding habits. (a) Define Obesity(2 mks) (b) Enumerateten (10) causes of obesity.(5 mks) (c) Describe three (3)...

Q:

Air Cafe Bus Sdn Bhd (Air Cafe) financial report showed that due to our company's good performance and uniqueness of our business concept, it would deliver good profits to every investor. We assume...

Q:

An agent declines to quote a policy to for a home located in a minority neighborhood. This agent could be guilty of what.

Q:

The network diagram and task times for a project are shown below. What is the late finish time for activity A1

Q:

9. Give an example of how the word because can trigger a cognitive reflex in another party.

Q:

7. Give an example of how the authority principle can be used to influence others.

Q:

8. Give an example of how the scarcity principle can be used to influence others.