Learning Objectives Module7

Learning Objectives Module7 - linear programming problems 4...

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Learning Module 7: Sunk Costs, Relevant Costs  Learning objectives 1. Understand the distinction and significance of sunk costs and relevant costs. 2. Interpret dual prices for sunk cost and relevant costs. 3. Understand the concepts of duality and the relationship between the primal and dual
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Unformatted text preview: linear programming problems 4. Interpret the economic significance of the dual LP and its relationship to dual prices. 5. Be able to convert any maximization or minimization problem into its associated canonical form....
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This note was uploaded on 03/06/2012 for the course BIOL 2107 taught by Professor J.louten during the Spring '10 term at SPSU.

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