MCQOPTIONS
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| 1. |
Shadow price refers to |
| A. | Change in the value of the constraint per unit change in the objective function. |
| B. | Change in the value of objective function per unit change in any one of the constraints. |
| C. | The change in the value of the primal solution per unit change in the dual solution. |
| D. | All the above. |
| Answer» C. The change in the value of the primal solution per unit change in the dual solution. | |