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Author Question: You are faced with a linear programming objective function of: Max P = $20X + $30Y and constraints ... (Read 108 times)

bobypop

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You are faced with a linear programming objective function of:
Max P = $20X + $30Y
and constraints of:
3X + 4Y = 24 (Constraint A)
5X - Y = 18 (Constraint B)
You discover that the shadow price for Constraint A is 7.5 and the shadow price for Constraint B is 0. Which of these statements is TRUE?
◦ For every additional unit of the objective function you create, you lose 0 units of B.
◦ For every additional unit of the objective function you create, the price of A rises by $7.50.
◦ The most you would want to pay for a single unit of A would be $7.50.
◦ You can change quantities of X and Y at no cost for Constraint B.


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Marked as best answer by bobypop on Apr 18, 2020

TheNamesImani

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bobypop

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Reply 2 on: Apr 18, 2020
:D TYSM


kilada

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Reply 3 on: Yesterday
Excellent

 

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