Abstract
Abstract The cost-volume-profit segments of managerial and cost accounting courses often include linear programming (LP). This note analyzes a fundamental aspect of LP: the interpretation of shadow prices. The analysis reveals a common misinterpretation of these shadow prices. To correct the general misinterpretation, a more accurate description of the significance of shadow prices is then provided
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
