The ACC Nerd crew is happy to announce the release of our BUS 475 final exam guide. This is a great addition to our existing tutoring materials and we are happy to help with one of the most difficult exams we face. Check out the question below. This is the type of difficulty you can expect from such a tough exam
You are faced with a linear programming objective function of:
Max P = $20X + $30Y
and constraints of:
3X + 4Y = 24 (Constraint A)
5X – Y = 18 (Constraint B)
You discover that the shadow price for Constraint A is 7.5 and the shadow price for Constraint B is 0. Which of these statements is TRUE?
A. The most you would want to pay for an additional unit of A would be $7.50.
B. You can change quantities of X and Y at no cost for Constraint B.
C. For every additional unit of the objective function you create, the price of A rises by $7.50.
D. For every additional unit of the objective function you create, you lose 0 units of B.
If you need help with this question or anything else in BUS 475 week 5, make sure to check out the full BUS 475 final exam study guide here.