Consider the Transportation Problem and Its Optimal Solution in the Tables

question 52

Multiple Choice

Consider the transportation problem and its optimal solution in the tables below. What is the value of the objective function?

• A) 0
• B) $169
• C) 300 units
• D) $2,100
• E) $3,140

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Definitions:

Offeror

A person or entity who proposes a deal or contract to someone else, indicating their intention to enter into an agreement upon acceptance.

Consideration

Something of value that is exchanged between parties within a contract, which can be in the form of money, services, or promises, and is essential for the contract to be legally binding.

Ethical

Pertaining to or dealing with morals or the principles of morality; pertaining to right and wrong in conduct.

Implied-In-Law Contracts

Implied-in-law contracts, also known as quasi-contracts, are contracts recognized by a court despite there being no agreement between the parties, to prevent unjust enrichment.