You are told that for a certain linear program, that the Reduced Cost for x3 is -$0.78 and that the Shadow Price for Constraint 3 is $2.15. The total revenue is currently $256.58. If the producer decided to purchase three more units of b3 (input 3), what would happen to the firm's total revenue?
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You are told that for a certain linear program, that the Reduced Cost for x3 is -$0.78 and that the...
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