Shadow Price-is the change of profit when the quantity of a particular resource is increased by 1 unit
Interpretation of shadow price-the profit is expected to increase by__for each additional hour added to the finishing process.
State and explain what theorem u hve assumed in part()-the central limit theorem was assumed in part(a)It states that for population of any distribution ,as long as the sample size is large(N>30)the sample mean is approximatelly normally distributed.
identicators of difference:1the differencec are approximately normally distributed2self comparison cam be made
last calculation for additional price and hours at C,labour hours are used up,so more labour can be added to utilise spare cotton.The production of Y can e increased by 20 units.Each Y requires 2 hours