If we change the constraint quantity to a value outside the sensitivity range for that constraint quantity, the shadow price will change.

Question

If we change the constraint quantity to a value outside the sensitivity range for that constraint quantity, the shadow price will change.
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Solution 1

Yes, that's correct. The shadow price, or dual value, represents the rate of improvement in the optimal value of the objective function per unit increase in the right-hand side of a constraint. It is valid only within the sensitivity range for that constraint quantity. If we change the constraint qu Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

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Similar Questions

If we change the constraint quantity to a value outside the sensitivity range for that constraint quantity, the shadow price will change.

The sensitivity range for a constraint quantity value is the range over which the shadow price is valid.

If both demand and supply change simultaneously, the effect on either price or quantity will be .

Price elasticity of demand reveals how responsive the change in quantity demanded is to a change in price

The percentage change in the quantity of one product demanded compared with the percentage change in price in another product is called -price elasticity.

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