An LP model for a marketing research application uses the variable HD to represent the number of homeowners interviewed during the day. The objective function minimizes the cost of interviewing this and other categories. There is a constraint that HD ≥ 140.  The solution indicates that interviewing another homeowner during the day will increase costs by $15.00. What does this tell you about the HD variable? a.The objective function coefficient of HD is 15. b.The dual price for the HD constraint is 15.     c.The objective function coefficient of HD is −15. d.The dual price for the HD constraint is −15.

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
Question
An LP model for a marketing research application uses the variable HD to represent the number of homeowners interviewed during the day. The objective function minimizes the cost of interviewing this and other categories. There is a constraint that HD ≥ 140.  The solution indicates that interviewing another homeowner during the day will increase costs by $15.00. What does this tell you about the HD variable?
a.The objective function coefficient of HD is 15.
b.The dual price for the HD constraint is 15.    
c.The objective function coefficient of HD is −15.
d.The dual price for the HD constraint is −15.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Similar questions
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON