A binding greater than or equal to (≥) constraint in a minimization problem means that
A) the variable is up against an upper limit.
B) the minimum requirement for the constraint has just been met.
C) another constraint is limiting the solution.
D) the shadow price for the constraint will be positive.

Question

Quizplus · Accepted Answer

In a minimization problem, a binding "greater than or equal to" constraint indicates that the minimum requirement for that constraint has been met exactly, meaning the constraint is active and affects the optimal solution.

A Binding Greater Than or Equal to (≥) Constraint in a Minimization