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1. Describe each of the sections of output that come from The Management Scientist and how you would use each. 2. Explain the connection between
1. Describe each of the sections of output that come from The Management Scientist and how you would use each.
2. Explain the connection between reduced costs and the range of optimality, and between dual prices and the range of feasibility.
3. Explain the two interpretations of dual prices based on the accounting assumptions made in calculating the objective function coefficients.
4. How can the interpretation of dual prices help provide an economic justification for new technology?
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