A shadow price (or dual value) reflects which of the following in a maximization problem?

A) the marginal gain in the objective realized by subtracting one unit of a resource
B) the market price that must be paid to obtain additional resources
C) the increase in profit that would accompany one added unit of a scarce resource
D) the reduction in cost that would accompany a one unit decrease in the resource
E) the profit contribution necessary for that item to be included in the optimal solution

C

Business

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Batch Department store sold a refrigerator to Conrad for his home. Conrad agreed to installment payments and Batch had him sign a security agreement. Batch did not file a financing statement. After having the refrigerator in his home for a time, Conrad quit making payments and sold it to Backus for use in her home. Backus was unaware that Conrad still owed Batch for the refrigerator. Batch is now seeking to get paid for the balance owed or to repossess the refrigerator. Which of the following statements is correct?

A. Batch can repossess the refrigerator from Backus, and Backus has the right to recover her money from Conrad. B. Batch can repossess the refrigerator from Backus, but Backus has no right to recover her money from Conrad. C. Batch has no right to repossess the refrigerator from Backus. D. Batch has the legal right to collect from Backus the unpaid balance.

Business

It is especially important for managers to attempt to make each member of the newly formed group feel valued during the ______ stage of group development.

A. adjourning B. storming C. norming D. forming

Business