If the primal objective function is to maximize profit subject to input constraints, the dual objective function is to minimize:
A) total cost.
B) explicit costs.
C) the quantity of output.
D) the value of inputs employed.
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
Q8: When the primal LP problem is to
Q9: If the labour slack variable > 0,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents