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 95 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  d. is no longer valid if the right-hand side of the constraint remains the same.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

skipfourms123

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Nonverbal communications convey strong, powerful messages that may be negative or positive. Nonverbal communications convey strong, powerful messages that may be negative or positive.
Constant velocity versus positive velocity Constant velocity versus positive velocity
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
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 ...
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Methods of carbon dioxide transport - carbaminohemoglobin and bicarbonate ions

For a complete list of videos, visit our video library