Question: In a linear programming model, what does the shadow price of a binding constraint represent? The amount by which the objective function would change if
In a linear programming model, what does the shadow price of a binding constraint represent?
The amount by which the objective function would change if the righthand side of the constraint increased by one unit.
The slack or surplus associated th the constraint.
The total value of the constraint's coefficients.
None of the choices listed here.
The amount by which the decision variables would decrease if the constraint were removed.
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