Question: ( ii ) consider the marginal value ( shadow price ) of an additional hour of cutting capacity . over what range of cutting capacity
ii consider the marginal valueshadow price of an additional hour of cutting capacity over what range of cutting capacity is this value valid?iii if the amount of spruce available to the firm from decreases to pounds, will it affect the optimal solution or the optimal value of the objective function why or why not? if yes then what would the new value be
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
