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Home Q & A Board Other Fields Homework Help Business Management
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takemeaway takemeaway
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Posts: 766
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7 years ago
You are faced with a linear programming objective function of:
   Max P = $20X + $30Y
and constraints of:
   3X + 4Y = 24 (Constraint A)
   5X - Y = 18 (Constraint B)
You discover that the shadow price for Constraint A is 7.5 and the shadow price for Constraint B is 0. Which of these statements is TRUE?
A) You can change quantities of X and Y at no cost for Constraint B.
B) The most you would want to pay for a single unit of A would be $7.50.
C) For every additional unit of the objective function you create, you lose 0 units of B.
D) For every additional unit of the objective function you create, the price of A rises by $7.50.
Textbook 
Operations Management: Processes and Supply Chains

Operations Management: Processes and Supply Chains


Edition: 11th
Authors:
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DreaminDreamin
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#1
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7 years ago
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takemeaway Author
wrote...
#2
7 years ago
Problem solved, many thanks
wrote...
#3
7 years ago
If you need anymore business related help, let us know
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