From an Analytic Hierarchy Process Analysis,λ Is Computed to Be

question 32

Multiple Choice

From an Analytic Hierarchy Process analysis,λ is computed to be 4.123,n = 4,RI = 0.9.Compute the consistency index.

• A)4.5811
• B)1.0308
• C)0.0456
• D)0.0410
• E)None of the above

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Definitions:

Price Ceiling

A government-imposed limit on how high a price can be charged for a product or service, intending to protect consumers from excessive prices.

Price Floor

A price floor is a government- or authority-imposed minimum price set above the equilibrium price, preventing the market price from falling below it.

Shortage

A situation where demand for a product or service exceeds its supply in a market.

Surplus

The amount by which the quantity supplied of a good exceeds the quantity demanded at a specific price.