How Many Constraints Are There in a Transportation Problem Which

question 59

Multiple Choice

How many constraints are there in a transportation problem which has 5 supply points and 4 demand points? (ignore the non-negativity constraints)

• A) 4
• B) 5
• C) 9
• D) 20

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Definitions:

Supply Curve

A graphical representation of the relationship between the price of a good or service and the amount of it that producers are willing to supply at that price.

Elastic Demand

A condition where the quantity demanded of a good or service significantly changes in response to a change in its price.

Efficiency Loss

The decrease in economic effectiveness that occurs when a good or service does not reach or cannot reach its equilibrium state.

Excise Tax

A type of tax imposed on specific goods, services, or activities, often with the goal of discouraging their use or consumption.