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Discuss the Shadow price rule and ” dual price”. Are they related? What are they used for?
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https://brainmass.com/business/business-management/quantitative-methods-dual-price-130516
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Maximum price that management is willing to pay for an extra unit of a given limited resource. Management may wish to know whether it pays to add capacity in a particular department. It would be interested in the monetary value to the firm of adding, say, an hour per week of assembly time. This monetary value is usually the ..


