This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The shadow price of nonbinding constraints a. will always be zero. b. will always be a positive ... (Read 55 times)

javeds

  • Hero Member
  • *****
  • Posts: 570
on: Jun 24, 2018
The shadow price of nonbinding constraints
 a. will always be zero.
  b. will always be a positive value.
  c. can never be equal to zero.
  d. is no longer valid if the right-hand side of the constraint remains the same.

Question 2

When the expected value of the point estimator is equal to the population parameter it estimates, it is said to be
 a. unbiased.
 
  b. precise.
 
  c. symmetric.
  d. predicted.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

frogdreck123456

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 24, 2018
Answer to Question 1

a
RATIONALE: Nonbinding constraints will always have a shadow price of zero.

Answer to Question 2

a
RATIONALE: When the expected value of a point estimator equals the population parameter, we say the point estimator is unbiased.


javeds

  • Member
  • Posts: 570
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

samiel-sayed

  • Member
  • Posts: 337
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Gram-positive and Gram-negative bacteria. Gram-positive and Gram-negative bacteria.
Checker Shadow Checker Shadow
Number of positive, negative, and neutral images recalled by younger, middle-age, and older adults. ... Number of positive, negative, and neutral images recalled by younger, middle-age, and older adults. ...
Positive and Negative Stereotypes Positive and Negative Stereotypes
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ... A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ...
Video: Diversity of Living Creatures - Charles Darwin & the Beagle's Voyage

For a complete list of videos, visit our video library