Economics · Mathematical Economics
In sensitivity analysis of linear programming, the shadow price of a resource constraint represents:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The minimum cost of using the resource
- 2The maximum price that should be paid for one additional unit of the resource✓
- 3The slope of the objective function
- 4The duality gap between primal and dual problems
Correct answer
The maximum price that should be paid for one additional unit of the resource
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