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Author Question: The shadow price of nonbinding constraints a. will always be zero. b. will always be a positive ... (Read 65 times)

javeds

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  d. is no longer valid if the right-hand side of the constraint remains the same.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


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frogdreck123456

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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

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

raenoj

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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