If an Assignment Problem Consists of 5 Workers and 4

question 119

Multiple Choice

If an assignment problem consists of 5 workers and 4 projects:

• A) one worker will not get a project assignment.
• B) one project will be assigned two workers.
• C) the fifth worker will split time among the four projects.
• D) one project will not get a worker assigned.
• E) The problem cannot be solved by assignment method.

---

Definitions:

Monopolistically Competitive

Refers to a market structure where many companies sell products that are similar but not identical, leading to competitive prices and product differentiation.

Profit-maximizing Output

The level of production at which a company achieves the maximum possible profit, where marginal cost equals marginal revenue.

Demand

This refers to the quantity of a good or service that consumers are willing and able to purchase at various prices during a given period of time.

Cost Data

Information related to the expenses incurred in the production of goods or delivery of services, essential for pricing, budgeting, and economic analysis.