In a Network Representation of a Transportation Problem,the Nodes Generally

question 87

Multiple Choice

In a network representation of a transportation problem,the nodes generally represent

• A)warehouses.
• B)geographic locations.
• C)flows.
• D)capacities.

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Definitions:

Import Quota

A government-imposed limit on the quantity or value of goods that can be imported into a country.

Consumer Surplus

The divergence between the total price consumers are willing and able to contribute towards a good or service and the total price they actually contribute.

Japanese Government

The national government of Japan, characterized by a constitutional monarchy and a parliamentary government.

Producer Surplus

The difference between the amount producers are willing to sell a good for and the amount they actually receive.