Author Question: An objective function reflects the relevant cost of labor hours used in production rather than ... (Read 127 times)

Tazate

  • Hero Member
  • *****
  • Posts: 532
An objective function reflects the relevant cost of labor hours used in production rather than treating them as a sunk cost. The correct interpretation of the dual price associated with the labor hours constraint is
 a. the maximum premium (say for overtime) over the normal price that the company would be willing to pay.
  b. the upper limit on the total hourly wage the company would pay.
  c. the reduction in hours that could be sustained before the solution would change.
  d. the number of hours by which the right-hand side can change before there is a change in the solution point.

Question 2

Read the z statistic from the normal distribution table and circle the correct answer. A one-tailed test (lower tail) at a .063 level of significance; z = _____.
 a. 1.86
  b. 1.53
  c. 1.96
  d. 1.645



frogdreck123456

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

A

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

For a complete list of videos, visit our video library