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