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) You can change quantities of X and Y at no cost for Constraint B.
B) For every additional unit of the objective function you create, you lose 0 units of B.
C) For every additional unit of the objective function you create, the price of A rises by $7.50.
D) The most you would want to pay for an additional unit of A would be $7.50.
D
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I am using a bar chart ___________________________to illustrate the differences in revenue.
Fill in the blank(s) with the appropriate word(s).
Which of the following is the primary focus of financial accounting?
A) providing information that managers need to make operational decisions B) providing summarized information on operational results to investors and creditors C) providing budgets for future periods D) providing highly detailed information on product lines, regions, and divisions