When the primal LP problem is to minimize cost subject to various output constraints, the shadow prices in the dual constraints:
A) equal the marginal revenue product of each input.
B) are positive for inputs with excess capacity.
C) equals zero for fully utilized inputs.
D) none of these.
Correct Answer:
Verified
Q1: A positive value for the labour input
Q2: When output is maximized subject to a
Q3: If QA > 0, then the marginal
Q4: When an LP objective function is to
Q5: When the objective function coincides with a
Q6: The profit function = aQX + bQY,
Q7: If X = 0 in the primal
Q9: If the labour slack variable > 0,
Q10: If the primal objective function is to
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