The primal problem calls for determining the set of outputs, Accounting Basics

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The primal problem calls for determining the set of outputs

The primal problem calls for determining the set of outputs that will maximize profit, subject to input constraints.

A. What is the dual objective function?

B. What interpretation can be given to the dual variables called the shadow prices or implicit values?

C. What does it mean if a dual variable or shadow price equals zero?

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