If a Lagrange multiplier equals 3, a one-unit increase in the right-hand side of a constraint, will result in an increase of 3 in the objective function

Indicate whether this statement is true or false.

Answer: TRUE

Business

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When the supply curve and demand curve for a particular good are on a single graph, the point at which the two curves intersect identifies the:

A. total profit earned by producers. B. total amount of labour that will be employed in that market. C. amount of time it takes to bring together the buyers and sellers of the good. D. equilibrium price of the good.

Business

The number of units to be included in a study is called the ________

A) census B) sampling frame C) sample size D) incident E) company roster

Business