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What is meant by a shadow price? Why are shadow prices of interest to managers? Can shadow prices be used to determine the effect of

  1. What is meant by a shadow price?
  2. Why are shadow prices of interest to managers?
  3. Can shadow prices be used to determine the effect of decreasing rather than increasing the right-hand side of a functional constraint?
  4. What does a shadow price of 0 tell a manager?

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