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When mathematicians are presented with a linear programming problem, they will not only determine the optimal solution but will also supply what are called shadow prices for each resource. This chapter project develops the concept of a shadow price.
Consider the furniture manufacturing problem. The constraint for finishing is
Fill in the blanks in the following sentence: The shadow price associated with a resource can be interpreted as the change in value of the ______ ______ per unit change of the availability of the resource.
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Chapter 3 Solutions
Finite Mathematics & Its Applications (12th Edition)
- One hundred people were surveyed, and one question pertained to their educational background. The results of this question and their genders are given in the following table. Female (F) Male (F′) Total College degree (D) 30 20 50 No college degree (D′) 30 20 50 Total 60 40 100 If a person is selected at random from those surveyed, find the probability of each of the following events.1. The person is female or has a college degree. Answer: equation editor Equation Editor 2. The person is male or does not have a college degree. Answer: equation editor Equation Editor 3. The person is female or does not have a college degree.arrow_forwardPlease draw a detailed grapharrow_forwardFor allarrow_forward
- not use ai pleasearrow_forward3) Let G be the group generated by elements a and b satisfying the relations a² = 63, 66 = 1, and a ¹ba = b¹. Which of the following is equivalent to the element z = a a-2ba3b3? A) b-2a-1 B) ab² C) ab D) ba E) b²aarrow_forward1) Find all complex solutions to cos(z) =arrow_forward
- 3) Compute where C is the circle |z― i| = - 1 2 2+1 Po z z - 2)2 dz traversed counterclockwise. Solution: TYPE YOUR SOLUTION HERE! INCLUDE A SKETCH OF THE COM- PLEX PLANE AND THE CURVE C. ALSO, MARK ALL SINGULARITIES OF THE INTEGRAND!arrow_forward2) Consider the function f (z = re²) = e cos(In(r)) + ie¯* sin(ln(r)). Show that is holomorphic at all points except the origin. Also show that =arrow_forward3) If a is a positive number, what is the value of the following double integral? 2a Love Lv 2ay-y² .x2 + y2 dadyarrow_forward
- 2) Consider the set SL(n, R) consisting of n x n matrices with real entries having de- terminant equal to 1. Prove that SL(n, R) is a group under the operation of matrix multiplication (it is referred to as the Special Linear Group).arrow_forward1) What is the parity of the following permutation? (1389) (24) (567)arrow_forward4.7 Use forward and backward difference approximations of O(h) and a centered difference approximation of O(h²) to estimate the first derivative of the function examined in Prob. 4.5. Evaluate the derivative at x = 2 using a step size of h = 0.2. Compare your results with the true value of the derivative. Interpret your results on the basis of the remainder term of the Taylor series expansion.arrow_forward
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