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1 December, 03:00

Given an objective function value of 150 and a shadow price for resource 1 of 5, if 10 more units of resource 1 are added (assuming the allowable increase is greater than 10), what is the impact on the objective function value? (Assume maximization problem)

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  1. 1 December, 06:17
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    The objective function will increase by 50 (10units * 5)

    Explanation:

    The shadow price is the value that the objective function will change by if you increase the constraint by one unit.
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