When Using the Shortest-Route Technique,the Second Step Is to

question 30

Multiple Choice

When using the shortest-route technique,the second step is to

• A)find the next-nearest node to the origin and put the distance in a box by the node.
• B)trace the path from the warehouse to the plant.
• C)determine the average distance traveled from source to end.
• D)find the nearest node to the origin and put a distance box by the node.
• E)None of the above

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Definitions:

Profit-Maximizing

Achieving the highest possible profit through the management of resources, production outputs, and pricing strategies, within the constraints of market conditions.

Output

The total amount of goods or services produced by a business, industry, or economy.

Marginal Revenue

Additional earnings received from the sale of one more unit of a product or service.

Marginal Cost

The financial commitment for manufacturing an additional unit of a product or service.