The increase in the objective function value that results from a one-unit increase in the right-hand side of that constraint is called
A) surplus.
B) shadow price.
C) slack.
D) dual price.
E) None of the above

Question

Quizplus · Accepted Answer

The increase in the objective function value that results from a one-unit increase in the right-hand side of a constraint is known as the shadow price.

The Increase in the Objective Function Value That Results from a One-Unit