1. What is meant by a shadow price?
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3. Why are shadow prices of interest to managers?
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5. Can shadow prices be used to determine the effect of decreasing rather than increasing the right-hand side of a functional constraint?
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7. What does a shadow price of 0 tell a manager?

Answer rating: 100% (QA)

A shadow price also known as a dual price or marginal value refers to the change in the objective fu... View the full answer