The shadow price is the value of one additional unit of a scarce resource across the range (-∞,∞).

Name: The shadow price is the value of one additional unit of a scarce resource across the range (-∞,∞).
Brand: Quizplus
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Quizplus · Accepted Answer

The shadow price reflects the value of one additional unit of a scarce resource, but it is not defined across the range (-∞,∞). It is typically constrained by the context of the problem, such as the limits of production capacity, budget, or other resources.

The Shadow Price Is the Value of One Additional Unit