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Quiz 9 : Dual values

Length : around 5 minutes

The six questions below will allow you to check whether you have understood what dual values are. One or several answers are possible.

What is a dual value ? (2 answers)

The marginal value associated to a resource constraint.

The second possible value of constraints

The « shadow price »

The optimum quantity of resource used under binding constraint

If the primal programme offers “profit maximization under resource availability constraints”, what does the dual programme offer ? (2 answers)

Profit minimization under resource availability constraints

Cost minimization of resources under constraint of the distribution of these resources at production value

It assigns an economic value to resources

It solves a resource allocation problem

There is a dual programme for :

All resource allocation linear programmes

Most resource allocation linear programmes

A certain number of resource allocation linear programmes

Few resource allocation linear programmes

None

What does the dual value of a constraint measure ?

The impact of a small variation in the availability of one of the factors on the objective function

The impact of a small variation in the availability of one of the production factors on the constraint

The impact of a small variation in the availability of one of the factors on the resources

None

What is the dual value of a non-binding constraint ?

Greater than or equal to 0

0

Strictly greater than 0

None

Time's up

All the content of this website, unless otherwise indicated, is made available under license under the terms of the License Creative Commons Attribution-NonCommercial-NoDerivs 3.0 France (CC BY-NC-ND 3.0 FR)

To refer : Jacquet F., Bourceret A., Thoyer S., Belhouchette H., Drogué S., Havlik P., Ridier A., 2017. Modeling in mathematical programming for economic analysis of agriculture [online]. Available on : www.supagro.fr/wordpress/modelecoen/.

This website was translated from french by Rebecca James.

To go to the french version click here !

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