A positive value for the labour input slack variable implies:
A) no excess capacity.
B) use of more labour resources than are available.
C) use of less labour resources than are available.
D) expansion is warranted provided the slack variable value is less than the market wage rate.
Correct Answer:
Verified
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,
Q10: If the primal objective function is to
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