GB 519 RANK Let's Do This /gb519rank.com GB 519 RANK Let's Do This /gb519rank.com | Page 47

1. Question : The shadow price in a linear programming model
is:
Student Answer:
Interesting from a mathematical standpoint, but not useful
from an accounting standpoint.
Equal to the current market price for an additional unit of the
related resource.
The price one would be willing to pay for an additional unit of
the scarce resource.
Greater than the market price for the related resource.
Zero for a binding constraint.
Question 2. Question : Determination of the optimum short-term
product mix needs to
include an analysis of:
Student Answer:
Fully absorbed costs.
Production constraints.
Sales-mix costs.