Mathematics · Linear Programming & Shadow Prices
Which of the following statements about graphical linear programming with the objective of maximising profit is true? 1. If a resource constraint line does not pass through the optimum point on the graph, then the shadow price of that resource is zero. 2. The shadow price is the maximum total amount a company should pay for one more unit of a scarce resource. 3. The slope or gradient of the objective function depends on the amount of resources available to the organisation.
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