A _____ is the shadow price of a binding simple lower or upper ...

[KWilfred]

A _____ is the shadow price of a binding simple lower or upper bound on the decision variable.
 a. reduced gradient
  b. binding constraint
  c. binary variable
  d. local optimum

Question 2

In a recent study based upon an inspection of 200 homes in Daisy City, 80 were found to violate one or more city codes. The manager's statement that 40 of Daisy City's 2,000 homes are in violation of city codes is
 a. an exactly correct statement
  b. only an approximation, since it is based upon sample information
  c. obviously wrong, since it is based upon a study of only 200 homes
  d. None of these alternatives is correct.

[tuate]

Answer to Question 1

A

Answer to Question 2

B