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Shadow price

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Shadow price

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.
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    Posts
  • July 3, 2021 at 7:45 am #626875
    mandana1366
    Member
    • Topics: 8
    • Replies: 4
    • ☆

    Hello
    in this question why the correct answer is A?

    The shadow price of skilled labour for CBV is currently $8 per hour.
    What does this mean?
    A. Contribution will be increased by $8 per hour for each extra hour of skilled labour that can be obtained
    B. The cost of obtaining additional skilled labour resources is $8 per hour
    C. Total costs will be reduced by $8 for each additional hour of skilled labour that can be obtained
    D. There is a hidden cost of $8 for each hour of skilled labour actively worked

    July 3, 2021 at 9:04 am #626885
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51583
    • ☆☆☆☆☆

    ‘A’ is the standard way that the shadow price is always calculated.

    Do watch my free lectures on linear programming where I do explain this, with examples.

    The lectures are a complete free course for Paper PM and cover everything needed to be able to pass the exam well.

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