Question: Suppose that a constraint is added to a cost minimization problem. Is it possible for the new optimal cost to be greater than the original

Suppose that a constraint is added to a cost minimization problem. Is it possible for the new optimal cost to be greater than the original optimal cost? Is it possible for the new optimal cost to be less than the original optimal cost?

Step by Step Solution

★★★★★

3.44 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a Yes The added constraint may ad... View full answer

Question Has Been Solved by an Expert!

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

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1385-M-S-L-P(2162).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

Suppose that management of Valley Cinemas would like to investigate the potential of using a scheduling system for their chain of multiple-screen theaters. Valley selected a small two-screen movie...

Suppose that the constraint correspondence G(y) in the constrained optimization problem (example 2.30) is defined by a set of inequalities (example 2.40) g1(x, Î¸) ¤ 0, g2(x,...

Suppose that a constraint is removed from a profit maximization problem. Is it possible for the new optimal profit to be greater than the original optimal profit? Is it possible for the new optimal...

Please once you set up the excel answer all parts of the question ABC Trucking Warehouses Seattle Topeka Minneapolis Atlanta Boston Supply Limit Dallas $30 $10 $20 $20 $40 100 Distribution Centers...

7. A hiker has various cans of food of assorted sizes that are to be placed in a knapsack. Unfortunately, the knapsack is not large enough to hold all the cans. Therefore, the hiker must determine...

Shapley Shippers is transporting products to markets. The company is shipping products over the network shown below from their warehouse at node A to demand locations at nodes B through F. Shapley's...

Detailed answers please 2. A perfectly competitive firm has a production function f(X1, X2) = xX2. Input prices are given by w, = 1 and w2 = 32. a. Does this production function exhibit decreasing,...

PPlease tutors help me 11. (18 Points) Consider a market with two horizontally differentiated firms, X and Y. Each has a constant marginal cost of $20. Demand functions are Qx = 100 - 2Px + Py Qy =...

1. Leslie's current consumption bundle of 15 hot dogs and 10 sodas each week is on his budget constraint. At Leslie's current level of consumption, his marginal utility from hot dogs is equal to 7,...

Answer asap 4. (12 marks) A firm has a production function given by f(11, 12) = rar, which is a convex production set. (a) (2 marks) Given factor prices w1, W2 > 0 and output price p > 0, set up the...

a. Calculate (1) the ratio of exchange in market price and (2) the earnings per share (EPS) and price/earnings (PIE) ratio for each company on the basis of the data given in the table that...

Proposition: For any ring R the following conditions are equivalent (i) R is a semi-prime ring. (ii) Nil-(R) = 0. (iii) R has no non-zero nilpotent ideal. (iv) R has no non-zero nilpotent right ideal.

18. LO.4 Derek dies intestate (i.e., without a will) and is survived by a daughter, Ruth, and a grandson, Ted (Ruths son). Dereks assets include a large portfolio of stocks and bonds and a beach...

9. Carbon tax debate heats up in Montpelier, VT Vermonters are debating the pros and cons of a state carbon tax a new tax on gasoline, heating oil, and other fossil fuels sold in the state. Backers...

Do Prob. 10.8-1. The Tinker Construction Company is ready to begin a project that must be completed in 12 months. This project has four activities (A, B, C, D) with the project network shown next....

Reconsider Prob. 22.2-1. Christine has done more detailed planning for this project and so now has the following expanded activity list: Construct the new project network. Immediate Estimated...

Do Prob. 10.8-2. Reconsider the Tinker Construction Co. problem presented in Prob. 10.8-1. While in college, Sean Murphy took an OR course that devoted a month to linear programming, so Sean has...

Question 1: Suppose that you have the following interest rates: Time period (Years) Spot rate Forward rate Expected future single year spot rate 1 8.00 2 8.75 ((1+8.75)/(1+8))-1=9. 56 3 9.33...

Rebalancing a portfolio is performed in response to changes in the economic environment, in the life cycle of the client, or to re-establish the initial asset mix. Which of the following would...

question 24 India's Current Account. Use the following balance of payments data for India from the IMF: What is India's current account balance for years 2006, 2008, and 2011? The current account...