Question: (Use the following LP problem to answer question 5 to 7:) max 3X + 4Y - X + 2Y 0 7. (7 points) Which of

(Use the following LP problem to answer question

(Use the following LP problem to answer question 5 to 7:) max 3X + 4Y - X + 2Y 0 7. (7 points) Which of the statements on shadow price is true? (a) Shadow price for the first constraint is zero, therefore the first constraint is binding. Shadow price will remain the same for large increment of the right hand side of the first constraint (b) Shadow price for the first constraint is zero, therefore the first constraint is not binding, Shadow price will remain the same for large increment of the right hand side of the first constraint. (c) Shadow price for the first constraint is zero, therefore the first constraint is binding, Shadow price will remain the same for large decrease in the right hand side of the first constraint. (d) Shadow price for the first constraint is zero, therefore the first constraint is not binding. Shadow price will remain the same for large decrease in the right hand side of the first constraint

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