The Initial Solution to a Transportation Problem Can Be Generated

question 44

Multiple Choice

The initial solution to a transportation problem can be generated several ways, so long as:

• A) it minimizes cost.
• B) it ignores cost.
• C) all supply and demand conditions are satisfied.
• D) degeneracy does not exist.
• E) all cells are filled.

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Definitions:

Units Of Y

A generic term for the measurement used to quantify the output in a given economic or mathematical model.

Utility Function

An economic model that describes how consumers rank different bundles of goods according to the levels of satisfaction or utility those bundles provide.

Horizontal Axis

In a graph or chart, the horizontal line along which the values of one variable are plotted or measured.

Vertical Axis

In graphing data, this is the y-axis, which is typically used to measure the dependent variable or show the scale of values in a chart.