The Assignment Problem Constraint X₃₁ + X₃₂ + X₃₃

question 17

Multiple Choice

The assignment problem constraint x₃₁ + x₃₂ + x₃₃ + x₃₄ ≤ 2 means

• A) agent 3 can be assigned to 2 tasks.
• B) agent 2 can be assigned to 3 tasks.
• C) a mixture of agents 1, 2, 3, and 4 will be assigned to tasks.
• D) there is no feasible solution.

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Definitions:

Price Lowered

A reduction in the cost of goods or services.

Total Revenue

The total amount of money a firm receives from sales of its products or services before any expenses are subtracted.

Demand

The total quantity of a good or service that consumers are willing and able to purchase at various price levels at a given time period.

Unit Elastic

A demand or supply situation where a percentage change in price results in an equal percentage change in the quantity demanded or supplied.